FXstreet.com (Córdoba) - Stocks ended with gains on Friday but far form the highs. The employment report boosted equities but the fall in gold and crude oil weighted on material stocks. The Dow Jones rose 0.22% and the Nasdaq gain 0.98%. Gold tumbled 4% and crude oil finished below $76 a barrel. The Dollar extended gains during the American session and had the best day since June.
The Dollar leaped on Friday following a better-than-expected jobs report. The negative correlation between risky assets and Greenback was break and the currency jumped together with the yield in Treasury notes.
Gold tumbled and bottomed at $1,147 reaching the lowest price in a week. The metal fell on Friday almost $50 erasing previous gains and finished the week with losses.
Greenback rose across the board. EUR/USD tumbled from 1.5060 to 1.4820. GBP/USD fell from 1.6670 to 1.6430. Despite falling sharply against the Dollar, Cable rose to a one-week high against the Euro.
The Yen was the worst performer of the day and the weaker currency of the week. USD/JPY rose for the fourth consecutive day reaching a 4-week high. The pair posted the biggest daily gain in months.