Dollar up against yen

Published February 3, 2008

NEW YORK, Feb 2: The dollar weathered a worsening jobs picture in the US on Friday despite increasing fears the economy could fall into a recession.

The euro was quoted at $1.4796 at 2200 GMT compared with $1.4857 in New York late Thursday, slipping further away from its all-time high of 1.4967 dollars struck on November 23.

The dollar also gained some ground against the Japanese yen, rising to 106.63 yen from 106.44 yen.

The US currency notched up some gains against the euro after a government report showed a surprise loss in January nonfarm payrolls, which fell an unexpected 17,000.

In late New York trade, the dollar stood at 1.0897 Swiss francs after 1.0817 Thursday. —AFP

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