The price of the dollar stabilized today, Monday, following investors digested a group of economic data released last week that raised hopes that the Federal Reserve (the US central bank) would slow down the pace of raising interest rates.
Data on Friday showed that non-farm payrolls in the United States increased by 223 thousand jobs in December, while average earnings rose 0.3 percent less than expected and less than 0.4 percent in the previous month.
There were other signs of a slowing economy, with service industry activity in the United States contracting for the first time in more than two-and-a-half years in December amid weak demand.
This led to a decline in the dollar index, which measures the performance of the US dollar once morest six major currencies, by 1.15 percent on Friday. The index rose 0.01 percent to 103,720 on Monday. The index achieved a rise of eight percent in 2022. The Japanese yen rose 0.12 percent once morest the dollar to 131.94 per dollar, while the pound sterling recorded in its last transactions $ 1.2099, up 0.06 percent during the day, following rising 1.5 percent on Friday.
The euro rose 0.11 percent to $1.0656, following closing 1.17 percent higher on Friday.
The Australian dollar rose 0.17 percent once morest the US currency, to $0.689, while the New Zealand dollar rose 0.02 percent, to $0.635.
