Dollar stays bullish on resilient U.S. jobs market

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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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Strong jobs, falling inflation. BidenBoom

Its simply the Lepper with the most limbs.

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Stocks in Asia gain, dollar sways as Fed minutes take centre stageAsian equities rose sharply on Wednesday, boosted by Hong Kong shares, while the dollar was on the back foot, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting to gauge the path forward for interest rates.
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