The dollar rose steeply on Friday after data showed U.S. non-farm payrolls rose more-than-expected last month.
EUR/USD fell steeply to 1.0738, down 1.33%, while GBP/USD lost 1.08% to trade at 1.5044.
In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 271K, from 137K in the preceding month whose figure was revised down from 142K. Analysts had expected U.S. non-farm payrolls to rise 180K last month.
The unemployment rate dropped to a seasonally adjusted 5.0%, from 5.1% in the previous month. Analysts had expected the U.S. unemployment rate to remain unchanged at 5.1% last month.
Meanwhile, hourly earnings in the U.S. rose to a seasonally adjusted 0.4%, from 0.0% in the preceding month. Economists had expected Average hourly earnings to rise to 0.2% last month.
The fresh data bolstered the U.S. rate hike case. With speeches from several Fed officials, including Chair Janet Yellen, suggesting a low bar for a December rate liftoff, economists say monthly job gains above 150,000 in October and November would be enough for the central bank to elevate benchmark overnight borrowing costs from near zero.
