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Markets & Finance

Dollar Still Stronger Against the Yen

MARKETSCOPE : The dollar was stronger against the yen on Friday, extending earlier gains.

One dollar bought 118.33 yen, compared to 117.18 yen at Thursday's close.

News hit that U.S. Nonfarm Payrolls rose 56,000 in October after falling 8,000 in September. Market players had anticipated a gain of 120,000 instead. The Bureau of Labor Statistics noted that the weak jobs growth reflected "below-trend growth in areas not hit by Katrina." News also hit that hourly earnings rose 8 cents or 0.5%. The unemployment rate fell to 5.0% from 5.1%. Manufacturing employment rose 12,000, with construction up 33,000.

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