Sat, 19 Sep 2020

U.S. dollar climbs after jobs data

Xinhua
08 Aug 2020, 06:18 GMT+10

NEW YORK, Aug. 7 (Xinhua) -- The U.S. dollar rose in late trading on Friday as market participants digested the newly-released July jobs report.

The dollar index, which measures the greenback against six major peers, climbed 0.68 percent to 93.4360.

In late New York trading, the euro fell to 1.1781 U.S. dollars from 1.1873 dollars in the previous session, and the British pound was down to 1.3051 dollars from 1.3149 U.S. dollars in the previous session. The Australian dollar was down to 0.7149 U.S. dollar from 0.7234 dollar.

The U.S. dollar bought 105.94 Japanese yen, higher than 105.57 Japanese yen of the previous session. The U.S. dollar increased to 0.9133 Swiss franc from 0.9103 Swiss franc, and it rose to 1.3385 Canadian dollars from 1.3289 Canadian dollars.

U.S. employers added 1.8 million jobs in July, and the unemployment rate dropped to 10.2 percent amid reopening efforts, the U.S. Bureau of Labor Statistics reported Friday. Both figures were better than market expectations.

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