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Euro rises vs dollar amid US unemployment rise, high oil prices

Euro rises vs dollar amid US unemployment rise, high oil prices

The euro rose Monday against the U.S. dollar, which continued to be brought down by record-high oil prices and bad economic news from Washington.
The 15-nation euro rose to US$1.5825 in morning European trading, from US$1.5768 in late New York trading Friday.
On Friday, the U.S. Labor Department reported the unemployment rate rose to 5.5 percent in May from 5 percent in April in the biggest monthly jump since February 1986.
Meanwhile, crude futures made their biggest single-day leap ever the same day, soaring nearly US$11 (euro6.96) to US$138.54 (euro87.63) a barrel.
In after-hours trading Friday oil hit US$139.12 (euro88.02) _ a trading record though it was down slightly Monday to US$137.65 (euro87.09) a barrel.
In other currencies, the British pound fell slightly to US$1.9709, from US$1.9713 late Friday, while the dollar bought 105.13 Japanese yen, up from 105.10 yen in New York.


Updated : 2021-07-30 07:08 GMT+08:00