NEW YORK (CNNMoney.com) -- The dollar was mixed Friday, unaffected by a strong April jobs report as investors recovered from the wild U.S. market in the previous session.
What prices are doing: The dollar was down 0.7% against the euro to $1.270. But it rose 0.5% versus the British pound to $1.476, following Thursday's general election in the United Kingdom that resulted in a hung Parliament.
The greenback was up 1.3% against the yen to ¥91.82.
What's moving the market: The dollar has gained against the euro in recent weeks as the Greek debt crisis and contagion fears sent investors fleeing to safe-haven currencies.
A massive selloff in U.S. stocks Thursday, first thought to be in response to Europe's debt woes, pushed the dollar to a 14-month high against the euro.
But the dollar changed course after investors learned that a technical glitch was the cause for the selloff, resulting in a nearly 1,000 point drop in the Dow Jones industrial average (INDU) before the index recouped much of the loss.
Reports that Germany will finally support the Greek bailout also helped push the dollar lower against the euro for the first time in several trading sessions. However, the dollar still hovers near 14-month highs against the European currency.
The government on Friday reported that the U.S. economy added 290,000 jobs in April, more than the 187,000 that economists forecast. The dollar pared some earlier losses against the euro on the news.
What analysts are saying: "Despite a very positive non-farm payrolls number, risk is still off," said Brian Dolan, chief currency strategist for Forex.com. "Markets are extremely concerned about the [entire] European situation, not just about Greece."
Analysts are concerned that the debt problems in Greece, where strikes in protest of the government's new austerity measures turned violent this week, could spread to other troubled European economies and even the European banking system.
Contagion fears have been supported by the recent ratings downgrades of both Portugal and Spain. Italy and Ireland are also said to be under pressure.
Although the euro is up on the dollar Friday, ahead of Germany's imminent support of the Greek bailout, analysts say this is a temporary condition. They expect money to continue to flow into safe-haven currencies until there is proof that Greek's bailout will work and that there's no danger of contagion.
"There's a good possibility of a relief rally, but the market is still worried about Europe's ability to contain the problem," said Carol Hurley, senior market strategist for Lind-Waldock. "Every country is hoarding dollars for the quality, compared to their own currencies. I expect that trend to continue." 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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