Dollar rises after jobs data, Greek downgrade

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Dollar rises after jobs data, Greek downgrade

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The dollar rose against the euro on a better-than-expected U.S. jobs report.

10 March,2012 02:45 am

And the dollar hit a ten-month high against the Japanese yen after Fitch ratings agency downgraded Greece to restricted default even though it secured enough private investors to sign up for its debt restructuring plan.The dollar fell to $1.3119 Friday morning from $1.3270 late Thursday.The dollar jumped to 82.50 Japanese yen, its highest point since April 27. It was worth 81.60 yen late Thursday.Employers added 227,000 jobs in February and the unemployment rate was unchanged at 8.3 percent as more workers entered the labor force. Economists expected a net gain of 210,000.The dollar is also rising against the British pound and the Swiss franc.