3 July 2009, 14:28  Euro changed against dollar

The euro stabilized against the dollar on Friday after falling the previous day, when a disappointing U.S. jobs report helped push up the American currency, a traditional safe haven for investors. The 16-nation euro bought $1.4021 in morning European trading, barely changed from the $1.4022 it bought in New York late Thursday. The British pound also was little changed, creeping up to $1.6421 from $1.6415. The dollar edged up to 95.98 Japanese yen from 95.84 yen. The euro lost more than a U.S. cent on Thursday as U.S. data showed that employers cut 467,000 jobs in June, about 100,000 more than economists expected, sending the unemployment rate to 9.5 percent. Over the past year, the dollar has tended to benefit whenever investors feel spooked, pulling their money out of stocks and redirecting funds to safer U.S. government debt. U.S. markets were closed Friday in observance of the Independence Day holiday.

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