NEW YORK (AFP) - The euro soared and the dollar sank Friday after Greece scored a new deal on EU-IMF rescue funds and disappointing employment data dashed optimism over the US economic recovery. The euro rocketed against the dollar as soon as news broke of a positive conclusion of the International Monetary Funds grueling four-week audit of Greek finances. That eased worries over a possible breakdown of the 110 billion euro ($160 billion) IMF-European Union bailout program for Athens, with possibly huge collateral damage for the eurozone at large. Around the same time, the US Labor Department reported that a modest 54,000 jobs were generated in May, one-quarter of the rate of the previous three months, and a sign that the economy was growing very slowly. The euro quickly climbed against the dollar, trading at 2100 GMT at $1.4637, compared to $1.4491 late Thursday. The euro traded at around $1.42 at the beginning of the week. Now we are seeing some positive news flow finally out of Europe, where it appears that Greece was approved for more assistance, said Samarjit Shankar of BNY Mellon. It is a step in the right direction, but there is still a long way to go in terms of how the Greek authorities are going to manage the economy, he added. Nevertheless, he pointed out that monetary policies on the two sides of the Atlantic have continued to diverge with the European Central Bank raising interest rates while the US Federal Reserve leaves them at all-time lows. The euro move is accentuated by the fact that the dollar is generally weak...If the US data continues to disappoint, it is very unlikely that the Fed will be able to raise rates aggressively, even in the face of rising price pressures, he said. The Japanese currency gained against the dollar, which traded to 80.25 yen from 80.88 yen. The dollar bought 0.8335 Swiss francs (0.8424). The British pound was at $1.6424, up from $1.6375.