The U.S. dollar was higher against the euro on Friday after stronger-than-expected U.S. monthly jobs data, as markets continued to digest Thursday's unexpectedly small stimulus from the European Central Bank.
U.S. nonfarm payrolls increased 211,000 last month, the Labor Department said on Friday. September and October data was revised to show 35,000 more new jobs than first reported.
Initially, the dollar failed to rally against the euro following the report because of the ECB's decision to cut its deposit rate by just 10 basis points.
"There was so much pain in the market yesterday that the willingness to act has been relatively subdued," said Sebastien Galy, currency strategist at Deutsche Bank in New York, on the dollar's minor gains against the euro.