Dollar appreciation against major currencies Responding to Great US Employment

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Dollar appreciation against major currencies Responding to Great US Employment Data

The US dollar has strengthened against major currencies. In trading at the New York Stock Exchange last night (6 Dec), driven by the US Department of Labor disclosed the number of non-farm employment in November increased more than expected.

The dollar index, which is a measure of the movement of the dollar against the six major currencies in the basket, rose 0.29% to 97.7009. The US dollar strengthened against the Swiss franc at 0.9897 francs from 0.9869. Franc and compared with Canadian Dollar The US dollar has strengthened to 1.3263 Canadian dollars from the 1.3173 Canadian dollar. But the US dollar depreciated against the yen at 108.56 yen from 108.74 yen.

The euro depreciated against the US dollar at $ 1.1056 from $ 1.1099 and the pound fell to $ 1.3136 from $ 1.3159, while the Australian dollar appreciated against the US dollar at US $ 0.6838 from US $ 0.6831. United States

The US dollar has been driven by the US Department of Labor report. Non-farm payrolls rose 266,000 positions in November Higher than analysts had expected at 187,000, while the unemployment rate fell to 3.5% in November, the lowest level in 50 years from 3.6% in October.

The average hourly wage figure increased by 0.3% in November and year on year. The average hourly wage figure increased by 3.1%, higher than the predictions of 3.0%.

The hourly wage figures are considered important data by the Federal Reserve (Fed) to find signs of inflation.

Investors will keep an eye on the Federal Reserve's monetary policy meeting (Fed) on December 10-11, which analysts expect. The Fed will keep interest rates at this meeting. After lowering interest rates 3 consecutive times this year