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US dollar climbs amid robust jobs data

Published : Saturday, 7 December, 2019 at 5:52 PM  Count : 203

US dollar climbs amid robust jobs data

US dollar climbs amid robust jobs data

The U.S. dollar strengthened against it major rivals in late trading Friday, boosted by stronger-than-expected jobs data.

U.S. employers added 266,000 jobs in November, and the unemployment rate dropped slightly to 3.5 percent, the lowest in nearly five decades, the U.S.  Bureau of Labor Statistics reported Friday, Xinhua reports.

Job gains mainly occurred in healthcare and in professional and technical services, the report showed. Economists surveyed by MarketWatch had predicted a more modest gain of 180,000.

The dollar index, which measures the greenback against six major peers, was up 0.29 percent at 97.7009 in late trading.

In late New York trading, the euro was down to 1.1056 dollars from 1.1099 dollars in the previous session, and the British pound was down to 1.3136 dollars from 1.3159 U.S. dollars in the previous session. The Australian dollar rose to 0.6838 dollar from 0.6831 dollar.

The U.S. dollar bought 108.56 Japanese yen, lower than 108.74 Japanese yen of the previous session. The U.S. dollar rose to 0.9897 Swiss franc from 0.9869 Swiss franc, and it rose to 1.3263 Canadian dollars from 1.3173 Canadian dollars.


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