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Summary The dollar rose against euro on reports of drop in US unemployment rate.
The dollar is rising against the euro after the US government said the unemployment rate dropped to its lowest level in 2 1/2 years.The Labor Department said the unemployment rate fell to 8.6 percent in November, the lowest since March 2009. The country added 120,000 jobs in November, a sign that the economy is slowly recovering.The euro fell to $1.3372 in midday trading Friday from $1.3460 late Thursday.The British pound fell to $1.5588 from $1.5689. The dollar rose to 77.91 Japanese yen from 77.76 to 0.9230 Swiss franc from 0.9164 and to 1.0163 Canadian dollar from 1.0150 Canadian dollar.
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