Market Watch

Dollar inches higher after payrolls, but gains tempered by election jitters

Market Watch


The U.S. dollar rose against the euro and the yen on Friday, following a payroll report that showed the labor market continued to improve.

Trading was volatile, with next week's presidential election still a major source of uncertainty for markets. Meanwhile, the British pound rose modestly against the dollar, extending a rally from the prior session.

About 161,000 jobs were added in October , while the unemployment rate fell under 5%. The job gains in both August and September were also revised higher.