The dollar jumps thanks to a bigger than expected increase in jobs in the United States

Businesses added 253,000 jobs, while economists expected an increase of 180,000.

The average hourly wage rose at an annual rate of 4.4%, beating expectations for a 4.2% increase.

However, the March data has been revised down to an increase of 165,000 jobs instead of an increase of 236,000 jobs as previously announced.

price movements

The dollar index hit a session high of 101.77. The euro fell to $1.0967.

The dollar jumped to 135.13 yen.

And the British pound rose 0.09% to $1.2583.

The dollar fell in September from its highest level in 20 years as investors braced for the possibility that the US Federal Reserve may end the monetary tightening cycle and start cutting interest rates. interest if the economy continues to slow.

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Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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