TodayWednesday, June 17, 2026

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

May 5, 2023

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.

Read the Latest World News Today on The Eastern Herald.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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