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Dollar stays bullish on resilient U.S. jobs market

  • 📰 Reuters
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  • News: 13%
  • Publisher: 97%

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The dollar held near an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could keep the Federal Reserve on its aggressive rate hike path.

benefits dropped to a three-month low last week while layoffs fell 43% in December, data on Thursday showed.

Against a basket of currencies, the U.S. dollar index jumped 0.9% to a nearly one-month peak of 105.27 overnight. It was last 0.03% higher at 105.15, and was on track for a weekly gain of more than 1.5%, the largest since September. The surge in the greenback knocked sterling to a six-week low of $1.1873 overnight. It was last 0.12% higher at $1.1922.

Against the Japanese yen , the dollar rose 0.6% to hit a one-week top of 134.045 yen overnight, and last bought 133.44 yen.

 

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Strong jobs, falling inflation. BidenBoom

Its simply the Lepper with the most limbs.

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