(Bloomberg) -- The dollar gained the most in three
weeks against the yen after a government report showed the U.S.
economy created more jobs last month than economists' forecast.
Evidence the economy is accelerating from a first-quarter
slowdown pushed the dollar higher against eight of the Group of
10 currencies today. Strength in employment may erase speculation
the Federal Reserve will reduce borrowing costs. Japan's currency
fell to a record low against the euro as rising global interest
rates prompted Japanese investors to buy assets abroad.
Read more at Bloomberg Currencies News
weeks against the yen after a government report showed the U.S.
economy created more jobs last month than economists' forecast.
Evidence the economy is accelerating from a first-quarter
slowdown pushed the dollar higher against eight of the Group of
10 currencies today. Strength in employment may erase speculation
the Federal Reserve will reduce borrowing costs. Japan's currency
fell to a record low against the euro as rising global interest
rates prompted Japanese investors to buy assets abroad.
Read more at Bloomberg Currencies News
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