“The dollar rose on Friday after data showed the world’s largest economy added more jobs than expected, boosting expectations that the Federal Reserve will halt its rate-cutting cycle.”, — write: epravda.com.ua
The dollar rose on Friday after data showed the world’s largest economy added more jobs than expected, boosting expectations that the Federal Reserve will halt its rate-cutting cycle. Reuters writes about it. A report by the Department of Labor showed that the US economy added 256,000 jobs in December, significantly exceeding economists’ forecasts for an increase of 160,000. The unemployment rate, meanwhile, fell to 4.1%, compared to expectations of 4.2%. The dollar rose 0.5% against the yen to 158.765 yen, while the euro fell to its lowest level since November 2022 against the US dollar. The eurozone’s single currency was last down 0.6% at $1.024