Dollar giving up gains after better US jobs report (AP)

NEW YORK ? The dollar is mixed against major currencies after a better-than-expected U.S. unemployment claims report.

The report that first-time claims fell below 400,000 last week for the first time in four months gave investors a reason to test the market for stocks and currencies considered riskier than the dollar.

The euro recovered some ground after sinking earlier in the day on fears about the health of European banks and worries that France, a core European economy, could get trapped in the debt crisis.

The dollar fell against other higher-risk currencies but was steady against the yen.

Reports that Switzerland's central bank is considering pegging the franc to the euro propelled the dollar up by nearly 6 percent against the Swiss currency. The dollar and euro have recently fallen to record lows against the franc.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20110811/ap_on_bi_ge/us_dollar

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