2023-07-06 22:07:30
US dollar
The dollar fell following rising briefly, Thursday, following data showed that the labor market remained strong, which increases the possibility that the US Federal Reserve will raise interest rates later this month.
And the US Department of Labor said, on Thursday, that applications submitted for government unemployment benefits for the first time recorded a moderate increase last week, while a report issued by the ADP Corporation showed that the number of jobs in the private sector jumped last month, recording the largest increase since February 2022.
Later, a survey by the Institute for Supply Management showed that the US services sector grew faster than expected in June with an increase in new orders, which added to data indicating the resilience of the economy in the face of more tightening monetary policy.
price movements
The dollar index, which measures the performance of the US currency once morest a basket of six major currencies, including the euro and the yen, fell 0.18 percent to 103.13.
And the yen rose 0.39 percent to 144.09 once morest the dollar, as concerns regarding the global growth prospects overshadowed risk appetite, concerns stemming from strong monetary tightening from major central banks.
The pound hit a two-week high once morest both the euro and the dollar, as financial markets bet the Bank of England would raise interest rates to 6.5 percent early next year.
The euro rose 0.29 percent to $1.0884.
The Australian dollar fell 0.41% to $0.6625.
And the Chinese yuan recorded in the latest transactions of 7.2575 for the dollar in the foreign market, following it fell regarding 0.4 percent in the previous session.
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