Powered by: Motilal Oswal
12-02-2022 07:51 PM | Source: Reuters
Dollar jumps as strong jobs number spurs hawkish Fed bets
News By Tags | #881 #6387 #645 #572 #97 #2043

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

The dollar jumped in line with U.S. Treasury yields on Friday after data showed that U.S. employers added more jobs than expected in November, potentially giving the Federal Reserve more incentive to raise interest rates.

Employers added 263,000 jobs in November, well above estimates of 200,000. Average hourly earnings jumped by 0.6% in the month, above expectations for a 0.3% gain.

The dollar index was last up 0.64% on the day against a basket of currencies at 105.31, and the greenback jumped 0.24%against the Japanese yen to 135.64. The euro dropped 0.67% on the day to $1.0456.

========================================================

Currency bid prices at 8:41AM (1341 GMT)

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid

Previous Change

Session

Dollar index 105.3100 104.6600 +0.64% 10.084% +105.5100 +104.3600

Euro/Dollar $1.0456 $1.0526 -0.67% -8.04% +$1.0545 +$1.0438

Dollar/Yen 135.6350 135.3300 +0.24% +17.84% +135.9600 +133.6200

Euro/Yen 141.85 142.42 -0.40% +8.85% +142.4700 +140.7800

Dollar/Swiss 0.9416 0.9370 +0.52% +3.26% +0.9424 +0.9326

Sterling/Dollar $1.2168 $1.2264 -0.79% -10.04% +$1.2297 +$1.2146

Dollar/Canadian 1.3490 1.3433 +0.44% +6.71% +1.3520 +1.3422

Aussie/Dollar $0.6756 $0.6812 -0.81% -7.05% +$0.6836 +$0.6743

Euro/Swiss 0.9844 0.9857 -0.13% -5.06% +0.9869 +0.9824

Euro/Sterling 0.8593 0.8589 +0.05% +2.30% +0.8608 +0.8572

NZ $0.6338 $0.6372 -0.53% -7.40% +$0.6412 +$0.6334

Dollar/Dollar

Dollar/Norway 9.8320 9.7265 +0.16% +10.59% +9.8490 +9.7420

Euro/Norway 10.2796 10.2368 +0.42% +2.66% +10.2948 +10.2293

Dollar/Sweden 10.4312 10.2912 +0.66% +15.67% +10.4565 +10.2891

Euro/Sweden 10.9101 10.8390 +0.66% +6.58% +10.9202 +10.8382