The Dollar rose on Friday against other major currencies, after retreating for a short time following the release of jobs report data which was less than expected, but it soon regained strength.<\/p>\n
The dollar was under pressure on Thursday after various US economic reports. The greenback recovered after Fed policymakers declared in a minutes of a meeting from December, released on Wednesday, that the labor market and economic activity in the United States remained strong, despite continued low inflation.<\/p>\n
Non-farm jobs in the United States increased by 148,000 last month. Economists had forecast an increase of 190,000. The data from October and November were revised, showing a decline of 9,000 jobs, compared with previous estimates. Data also showed that employers in the United States added 250,000 jobs in a month, well above economists’ expectations.<\/p>\n
A separate report showed that jobless claims in the United States increased by 3,000 last week, reaching 250,000, in contrast to expectations of a decline of 6,000 claims. Minutes of the meetings showed that the Federal Reserve will continue to raise interest rates gradually, but this pace may increase if inflation rates rise.<\/p>\n
The dollar index, which measures the strength of the greenback against a range of other major currencies, rose 0.10%, trading at 91.69 points. The euro and the pound settled against the USD, with EUR \/ USD trading at $1.2058, and GBP \/ USD trading at $1.3558.<\/p>\n
Meanwhile, the Japanese Yen and the Swiss Franc fell against the US dollar, as the dollar rose against the Japanese yen by 0.27%, trading at 113.06 yen per dollar. The dollar rose against the Swiss franc by 0.17%, hitting 0.9756 francs per dollar. The Aussie and New Zealand dollars were trading against the greenback, the AUD weakened against the greenback by 0.31% to trade at $0.7840. The Australian Bureau of Statistics declared that the country’s trade deficit rose to $628 million in November, at $302 million in October. The New Zealand dollar also fell against the US dollar by 0.08%, trading at 0.7150 USD per New Zealand dollar. The greenback was up against the Canadian dollar by 0.10%, trading at 1.2502.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dollar rose on Friday against other major currencies, after retreating for a short time following the release of jobs report data which was less than expected, but it soon regained strength. The dollar was […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[49],"tags":[50,77,51,11,25,29,38,21,37],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/249"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=249"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/249\/revisions"}],"predecessor-version":[{"id":251,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/249\/revisions\/251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/250"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}