Dollar ends higher on strong jobs report .

THE dollar has closed US2.5c higher as a lift in risk sentiment and a strong jobs report supported the local currency.
At 5pm AEST, the Australian dollar was trading at US 87.40c, up 3.02 per cent from yesterday's close of 84.83c.
From 7am, the local unit traded between US86.23c and 87.59c.
Westpac currency strategist Jonathan Cavenagh said the Australian dollar started the local session firmer following a rally on equity markets during yesterday's offshore session (AEST).
On Wall Street overnight, the Dow Jones industrials average finished 2.8 per cent higher.
"It has been a very strong rebound," Mr Cavenagh said.
"We had a lot of equity market sentiment come thorough last night. and that was a pretty key driver of the night's action."
Mr Cavenagh said the currency received a further boost following stronger-than-expected employment data, which spiked market pricing of a rate cut from the Reserve Bank of Australia.
Australia's unemployment rate was unchanged at 5.1 per cent in June, the Australian Bureau of Statistics said today.
It was the lowest jobless rate as well as the fewest number of unemployed workers, 598,400, since January 2009.
A total of 45,900 jobs were created in June, triple the market forecast of 15,000, the ABS said.
"That has seen a big swing around on the interest rate market," Mr Cavenagh said.
"That saw some of those cuts priced out of the market and those moves have been extended quite dramatically on the strong employment data."
At 5pm AEST, the Australian dollar was at 77.27 Japanese yen, up from yesterday's close of 74.11 yen, and at 69.12 euro cents, up from 67.42 euro cents previously.
The euro finished at $US1.2646 , up from yesterday's close of $US1.2582 and at 111.79 yen, up from 109.90 yen.
The US dollar was at 88.40 Japanese yen, up from 87.35 previously.
Meanwhile, the Australian debt market closed weaker.
At 4.30pm on Thursday, the yield on the Commonwealth Government April 2020 bond was 5.108 per cent, up from yesterday's close of 5.030 per cent, while the May 2013 bond was at 4.548 per cent, up from 4.424 per cent previously.
On the Sydney Futures Exchange, the September 10-year bond futures contract was at 94.865, down from yesterday's close of 94.960, while the September three-year bond futures contract was 95.340, down from 95.480 previously.
Westpac senior market strategist Damien McColough said the local debt market weakened on a lift in expectations of a rate rise by the Reserve Bank of Australia following the release of a strong jobs report for June.
"The employment report has served to convince the market that there is no chance of rate cuts anytime soon," Mr McColough said.
"It makes the RBA's decision around what they will do in August if they get a strong CPI (consumer price index) a little bit more complex."
Bank bill futures contracts, which are sensitive to expectations on interest rates, sold off following the release of the jobs data at 11.30am.
The September 2010 bill futures contracts closed 12 basis points lower at 95.110, while December 2010 bill futures contracts were 15 basis lower at 95.090.
At 4.30pm, the 90-day bank bill rate was at 4.900 per cent, up from yesterday's close of 4.850 per cent, while the 180-day bank bill rate was at 5.000 per cent, up from 4.940 per cent.
At 4pm, the RBA's trade weighted index  was at 68.3, up from yesterday's close of 66.5.