The US dollar on Friday jumped to its highest level in more than a year, after data showed better-than-expected US job growth last month, but retreated a bit in late trading as risk appetite improved and stocks rallied.

Nonfarm payrolls increased by 531,000 jobs last month, above the 450,000 forecast, as the latest surge in COVID-19 infections subsided. August and September data were revised upward to show an additional 235,000 jobs created over those months.

The US dollar index, which measures the greenback against a basket of six rivals, rose as high as 94.634 after the jobs report, its firmest since Sept. 25, 2020.

The safe-haven currency pulled back a bit as risk appetite improved and stocks staged a broad rally. The dollar closed down 0.14 percent at 94.22, but was still up 0.1 percent for the week, which was marked by a bevy of central bank…

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