Dollar jumps to 2-month high against euro

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Associated Press

Posted on November 8, 2012 at 2:00 PM

Updated Thursday, Nov 8 at 3:02 PM

NEW YORK (AP) — Signs that the U.S. job market is slowly improving helped pushed the dollar higher against most other major currencies. The euro fell to a two-month low against the dollar after the European Central Bank left its key interest rate unchanged.

The euro fell to $1.2742 in afternoon trading from $1.2767 late Wednesday. The euro fell as low as $1.2716 earlier, its lowest level against the dollar since Sept. 9.

The Labor Department says the number of people seeking unemployment benefits fell last week by 8,000 to 355,000. Officials warned that the figures were distorted by Superstorm Sandy.

The British pound fell to $1.5978 from 1.5987.

The dollar rose to 0.9463 Swiss franc from 0.9449 Swiss franc.

The dollar fell to 79.63 Japanese yen from 79.90 yen.

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