The US dollar rose on Friday, trying to compensate for some losses following the biggest daily decline in more than two weeks, with traders’ focus shifted to US jobs data, to feel more indications of the strength of the economy.
The dollar index, which measures the performance of the US currency once morest a basket of major currencies, rose 0.21 percent to 105.92 following declining 0.68 percent on Thursday, and this was its biggest decline since July 19. It remained regarding 3 percent below its peak in mid-July.
Investors are awaiting the US non-farm payrolls data due at 1230 GMT, which provides indications of the performance of the US economy.
Economists expect the number of jobs to increase by 250,000 in July, following increasing by 372,000 in June.
The euro fell 0.17 percent to $ 1.02285 following fears of a slowdown in the US economy outweighed concerns related to a European energy crisis.
There was little change in the pound sterling, and it was trading once morest 1.2156 dollars following the Bank of England raised the interest rate at the highest rate in nearly 27 years to control inflation, but it warned of a prolonged recession starting from the last quarter of this year.
The dollar rose 0.24 percent once morest the Japanese yen to 133.27 yen, following falling 0.69 percent Thursday.
There was little change in the Australian and New Zealand dollars, and the Australian dollar was trading once morest 0.69605 dollars, while the New Zealand dollars recorded 0.6299 dollars.
As for digital currencies, Bitcoin rose 2.9 percent to $ 23,272.80.
(Archyde.com)
