Dollar Advances After Strong U.S. Jobs Data
October 06 2023 - 5:56AM
RTTF2
The U.S. dollar appreciated against its major counterparts in
the European session on Friday, as the nation's job growth surged
in September.
Data from the Labor Department showed that non-farm payroll
employment shot up by 336,000 jobs in September after jumping by an
upwardly revised 227,000 jobs in August.
Economists had expected employment to increase by 170,000 jobs
compared to the addition of 187,000 jobs originally reported for
the previous month.
The unemployment rate in September came in unchanged from August
at 3.8 percent. The unemployment rate was expected to edge down to
3.7 percent.
The greenback climbed to 2-day highs of 1.0482 against the euro
and 0.6312 against the aussie, from its early 4-day lows of 1.0568
and 0.6381, respectively.
Extending early rally, the greenback touched a 3-day high of
149.53 against the yen.
The greenback appreciated to a 2-day high of 1.2105 against the
pound, reversing from an early 1-week low of 1.2105.
The greenback edged up to 0.9175 against the franc, up from an
early 1-week low of 0.9109.
The greenback rose to 0.5923 against the kiwi, off an early
4-day low of 0.5970.
The greenback may challenge resistance around 1.035 against the
euro, 0.625 against the aussie, 155.00 against the yen, 1.19
against the pound, 0.94 against the franc and 0.58 against the
kiwi.
US Dollar vs CAD (FX:USDCAD)
Forex Chart
From May 2024 to Jun 2024
US Dollar vs CAD (FX:USDCAD)
Forex Chart
From Jun 2023 to Jun 2024
