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U.S. job market strength leads to a four-week high for the dollar in foreign exchange markets.

Published On 09 Jan 2023 05:00 AM


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On Friday, the dollar reached its highest level in over a month as a result of U.S. economic statistics showing a still tight labour market, which could suggest the Federal Reserve continues rising interest rates quickly. Statistics released on Thursday indicated that the number of Americans filing new applications for unemployment benefits fell to a three-month low last week, while layoffs dropped 43% in December. A separate study found that ....


Tags : U.S. economic statistics, foreign exchange market, dollar,
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