Forex Market News

US Dollar Rallies On Jobs Data

The US dollar rose against other major currencies as investors were digesting the latest nonfarm payroll report from the country. In late New York trading on Friday, the euro fell to $1.0561 from $1.0599, and the British pound declined to $1.2266 from $1.2422, Xinhua news agency reported. The Australian dollar decreased to $0.7296 from $0.7341.
The dollar bought 117.05 Japanese yen, higher than 115.53 yen in the previous session. The dollar rose to 1.0175 Swiss francs from 1.0105 Swiss francs, and it edged up to 1.3244 Canadian dollars from 1.3229 Canadian dollars.
The greenback climbed broadly on Friday as the report showed a slowdown in hiring in December but an increase in wages, bolstered market speculation for more rate-hikes in the future. The dollar index, which tracks the greenback against six major peers, was up 0.72 per cent at 102.250 in late trading.
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