Currencies

Dollar jumps as U.S. job gains, wage growth beat expectations

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington.
Gary Cameron | Reuters

The dollar jumped on Friday after data showed that U.S. employers added more jobs than expected in April, while wages also grew more than economists' anticipated.

Employers added 253,000 jobs, above economists' forecasts for a 180,000 gain. U.S. average hourly earnings rose at an annual rate of 4.4%, above expectations for a 4.2% increase.

The dollar index hit a session high of 101.72 and the euro fell to $1.0971. The dollar also jumped to 135.11 against the Japanese yen.