Dollar Gains After Jobless Rate Dips Even as Storms Cap Payrolls
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The dollar advanced for a third day against the euro and yen in the longest stretch of gains in four weeks after the U.S. jobless rate fell to the lowest level since April 2009 even as winter storms limited gains in payrolls.
Canada’s currency touched a two-year high versus the dollar as the nation’s employment rose more than four times economists’ forecasts. Egypt’s pound held near a six-year low as protesters proclaimed the “day of departure” for President Hosni Mubarak. The greenback climbed against most its major counterparts as benchmark Treasury yields rose on the U.S. jobs data, making dollar-denominated assets more attractive.