The dollar soared on Friday, pushing the euro, yen and sterling to session lows, while euro zone bond yields jumped, after data showed the U.S. economy created more jobs than expected. expected in May, reducing the chances of multiple rate cuts by the Federal Reserve.
Nonfarm payrolls rose by 272,000 jobs last month, according to data from the U.S. Department of Labor, above expectations for a rise of 185,000.
The euro fell 0.57% to a low of $1.0828, from $1.0897 before the data, while the pound fell 0.45% to $1.2734, from $1.281. dollars and the yen weakened to $156.54, bringing the dollar up 0.57% on the day.
The German 10-year government bond yield, which serves as a benchmark for the broader euro zone, last rose 8 basis points to 2.621%, while the Italian 10-year bond yield rose 11 basis points. , up to 3.969%.
The STOXX 600 fell 0.56% on the day. (Reporting by Amanda Cooper; Editing by Samuel Indyk)
