News Formal

Dollar finds support from resilient U.S. jobs market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Resilient and U.S. go hand in hand

Thanks Brandon.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: Reuters - 🏆 2. / 97 Read more »