Dollar rallies against the euro

The dollar rallied against the euro this afternoon, wiping out earlier losses suffered after data showed the United States shed…

The dollar rallied against the euro this afternoon, wiping out earlier losses suffered after data showed the United States shed 63,000 jobs last month.

The euro fell to $1.5329 after earlier setting a fresh record high of $1.5459, according to Reuters data. It last traded at 1.5344. The dollar also pared losses against the yen, moving to 102.55 yen after earlier hitting an eight-year low at 101.44 yen.

Traders tied the move mainly to investors taking profits after more than a week of steady dollar selling.