The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.

The news dashed hopes the recession was ending after recent gross domestic product and jobless claims readings had seemed to indicate a recovery. With the labor market still weak, U.S. consumer sentiment and spending will likely remain under pressure, analysts said. [Full Story]

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