U.S. dollar rises after nonfarm payroll report

The U.S. dollar climbed against other major currencies on Friday as investors were digesting the latest jobs data from the country.

U.S. total nonfarm payroll employment edged up by 98,000, well below market estimates of 180,000, but the unemployment rate declined to 4.5 percent in March, according to the Labor Department Friday.

Analysts said the decline of unemployment rate may suggest more rate-hikes in the future.

The dollar index, which measures the greenback against six major peers, was up 0.56 percent at 101.230 in late trading.

In late New York trading, the euro fell to 1.0586 dollars from 1.0644 dollars, and the British pound decreased to 1.2371 dollars from 1.2469 U.S. dollars in the previous session. The Australian dollar dropped to 0.7500 U.S. dollar from 0.7544 U.S. dollar.

The U.S. dollar bought 111.29 Japanese yen, higher than 110.86 yen of the previous session. The U.S. dollar rose to 1.0096 Swiss francs from 1.0053 Swiss francs, and it edged up to 1.3416 Canadian dollars from 1.3411 Canadian dollars. Endit