NEW YORK (AP) -- The euro fell to a 16-month low against the dollar after the U.S. said the unemployment rate fell last month.
The euro fell to $1.2717 Friday from $1.2782 late Thursday. The euro fell as low as $1.2696, its lowest point since Sept. 10, 2010.
The Labor Department said Friday that employers added 200,000 jobs in December and the unemployment rate fell to 8.5 percent, the lowest since February 2009. That's a sign that the job market is slowly improving.
The dollar rallied against most other currencies Friday.
The British pound fell to $1.5420 from 1.5483 late Thursday. The dollar rose to 0.9559 Swiss franc from 0.9533 Swiss franc and to 1.0239 Canadian dollar from 1.0192 Canadian dollar.
However, it fell to 77.06 Japanese yen from 77.18 Japanese yen.
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