NEW YORK (AP) — The euro hit a one-month high against the dollar after a stronger-than-expected U.S. jobs report last week.
The euro rose to $1.2411 in afternoon trading from $1.2377. It went as high as $1.2442 earlier, its highest point against the dollar since July 5.
Riskier currencies such as the euro tend to rise when investors think economic conditions are getting better.
On Friday, The Labor Department said Friday that 163,000 jobs were added in July. Economists expected a rise of just 100,000 jobs. With no new economic data released Monday, the jobs report drove currency trading.
In other trading, the British pound fell to $1.5616 from $1.5645.
The dollar fell to 78.17 Japanese yen from 78.59 yen.