Dollar strengthens against Euro

The dollar strengthened to a two-week high against the euro on Friday after a report on U.S. payrolls showed encouraging signs despite a rise in the unemployment rate.

The 13-nation euro slid to as low as $1.4030 in afternoon European trading, before rising to $1.4065. Still, that was down from the $1.4117 it bought late Thursday in New York.

The slippage came after the U.S. Labor Department reported that employers boosted payrolls by 110,000 in September and said that the economy actually added 89,000 jobs in August instead of the earlier estimate of a 4,000 loss.

Source