Compare breaking & trending news from multiple sources. For news by country, go to main menu.

Dollar Hits 4-Week Peak on Resilient US Jobs Market

Listen to this article
LONDON—The greenback rose to an nearly one-month high on Friday, after U.S. financial information highlighted a still-tight labour market that would imply the Federal Reserve retains mountain climbing rates of interest aggressively.
The variety of Americans filing new claims for jobless advantages dropped to a three-month low last week whereas layoffs fell 43 p.c in December, information on Thursday confirmed.
A separate report also confirmed that personal employment elevated by 235,000 jobs last month, far exceeding expectations for a 150,000 enhance.
Against a basket of currencies, the U.S. greenback index rose 0.3 p.c to 105.45, having briefly touched a four-week peak of 105.52.
The index was on monitor for a weekly achieve of virtually 1.9 p.c, its largest since September….

Go to source