The dollar rose in the New York foreign exchange market on the morning of the 7th. The U.S. employment report released on the same day showed that the number of nonfarm payrolls increased by 263,000 (market expectations increased by 255,000). The unemployment rate fell to 3.5%.
U.S. employment rises by 263,000, unemployment rate drops to 3.5%, pressure on Fed continues
As of 8:55 a.m. New York time, the Bloomberg Dollar Spot Index, which shows the dollar’s movement once morest major currencies, rose 0.4% at one point. Before the release of the employment data, it had fallen slightly.
The dollar temporarily hit 145.34 once morest the yen. Before the release of employment statistics, it was 144.95 yen.
Original title: Greenback Firms, Reaching Day’s High, After Jobs Data; Yen Slips (excerpt)
