Dollar hits four-week peak on resilient U.S. jobs market

📆 6/01/2023 11:10 a. m.
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The dollar held near an almost one-month high after U.S. economic data highlighted a still-tight labor market that could keep the Federal Reserve on its aggressive rate hike path. | Reuters

The index was on track for a weekly gain of more than 1.8 percent, its largest since September.

Against the Japanese yen, the dollar climbed 0.7 percent to hit 134.45 yen, its highest level in over a week. Data from Germany, France, Italy and Spain have already showed a slowdown in inflation last month, suggesting that euro zone consumer prices should have eased in December.

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