Dollar Rises After Strong Jobs Data

(RTTNews) – The US dollar rose on Friday after data from the Labor Department showed stronger-than-expected US job growth in September, raising hopes for an aggressive rate hike by the US Federal Reserve in the coming months. The Labor Department’s , jobs data showed that nonfarm payrolls rose by 263,000 jobs in September after an increase of 315,000 jobs in August and 537,000 jobs in July. Economists had expected employment to increase by 250,000 jobs. The Labor Department also reported that the unemployment rate fell to 3.5 percent in September from 3.7 percent in August, while economists expected the unemployment rate to remain unchanged. The dollar index rose to 112.88 points, up about 0.55%. The yield on the government bond also rose, and the yield on the benchmark ten-year bond rose for the third time in a row. Against euros, the dollar strengthened to 0.97 0 dollars. The dollar strengthened against the British pound to $1.1093. against the Japanese currency, the dollar strengthened to 1 5.32 yen from 1 5.10 yen. . The dollar against the Loonie was slightly lower at C$1.3728 from C$1.37 9. Statistics Canada data showed the Canadian economy added 21,100 jobs in September 2022, slightly more than expected, with an increase of 20,000 jobs and marking the first increase in employment since May. Canada’s unemployment rate fell to 5.2% in September from 5. % the previous month.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.