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Dollar finds support from resilient U.S. jobs market

  • 📰 Reuters
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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 rose 0.09% to 105.21, after jumping 0.9% to a nearly one-month peak of 105.27 on Thursday."All the anecdotes about job losses from the tech sector have yet to be reflected in the overall employment data, this suggests that while there's weakness in some pockets...there's still strong demand for workers from the other parts of the economy," said Khoon Goh, head of Asia research at ANZ.

Against the Japanese yen , the dollar climbed 0.36% to 133.88 yen, not far from its one-week top of 134.045 yen hit on Thursday.

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Resilient and U.S. go hand in hand

Thanks Brandon.

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