The U.S. dollar advanced against major currency pairs including the yen, euro and Swiss franc on Thursday after data showed that the U.S. economy created more jobs than analysts estimated, signaling that the Federal Reserve might take longer to cut interest rates.

The rise in the dollar following the data was accompanied by an increase in U.S. Treasury yields. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 9.1 basis points to 3.88%. The yield on benchmark U.S. 10-year notes rose 4.1 basis points to 4.344%.