Dollar drops, euro rallies on U.S. jobs data, crisis hopes
NEW YORK - The dollar fell on Friday as better-than-expected U.S. jobs growth in July and hopes that European authorities could contain the region's debt crisis had investors embracing risk, causing the biggest one-day gain in a month for the euro.
Global stocks, oil jump on U.S. job gains, Europe optimism
NEW YORK - World stocks rallied, U.S. oil jumped nearly 5 percent and the euro surged on Friday on news U.S. employers increased hiring in July by the most in five months and on renewed optimism that Europe was closer to action on its debt crisis.
Stocks hit three-month high, cheered by U.S. jobs data
LONDON -The FTSE 100 hit a three-month high on Friday, as better-than expected U.S. non-farm payrolls helped markets recover their appetite for risk.
Sterling falls to 3-week low against firmer euro
LONDON - Sterling fell to a three-week low against a firmer euro on Friday, with markets turning more optimistic about the prospect of future intervention by the European Central Bank to lower sky-high Spanish and Italian borrowing costs.
BOJ policymaker warns of yen rise pain, uncertainty over recovery
KANAZAWA, Japan - Europe's simmering debt crisis may delay a pick-up in external demand which is crucial to Japan's economic recovery, a Bank of Japan policymaker said, underscoring the central bank's growing concern as the global slowdown persists.
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