LONDON, June 7 (Reuters) - The dollar surged on Friday, pushing the euro, yen and pound to session lows, while euro zone bond yields jumped, after data showed the U.S. economy created more jobs than expected in May, cutting the chances for multiple rate cuts from the Federal Reserve.
Nonfarm payrolls increased by 272,000 jobs last month, according to data from the U.S. Labor Department, above expectations for a rise of 185,000.
The euro fell by as much as 0.57% to a low of $1.0828, from around $1.0897 right before the data, while the pound fell 0.45% to $1.2734, from $1.281 and the yen weakened to around 156.54, leaving the dollar up 0.57% on the day.
German 10-year government bond yields, which act as a benchmark for the wider euro zone, were last up 8 basis points at 2.621%, while 10-year Italian yields were up 11 bps at 3.969%
The STOXX 600 dropped 0.56% on the day. (Reporting by Amanda Cooper; Editing by Samuel Indyk)
