The dollar rose on Friday after data showed an unexpected rise in jobs. February Non-Farm Payrolls came out higher-than-expected at 175k versus the 149k increase expected, from a previously low 129k. Despite the higher payrolls figure, however, the Unemployment rate rose by a basis point to 6.7% versus the 6.6% expected. This could be explained by an increase in the number of people actively looking for work, which may have risen due to revived hope amongst job seekers that they would actually find employment. The dollar rose especially strongly versus the yen, breaking clearly above the 103 level. The euro meanwhile gave back some of the gains made following the ECB rate meeting yesterday. Another negative in the ostensibly positive data was the dramatic fall in Average working hours which reduced to 34.2 from 34.4. A two-basis point drop is unusual for Avg hours, and its a negative sign that employers are hiring a higher proportion of part-timers, or that overtime is limited. This indicates continued slack in the economy and probably continued loose monetary policy for the Federal Reserve.