FOREX TradingCharts.com

Forex News: U.S. Dollar Off Highs But Still Firmly Positive

U.S. Dollar Off Highs But Still Firmly Positive After Strong Jobs Data

08/05/2022 - 16:31:00 (RTTNews)

(RTTNews) - After showing a strong move to the upside in morning trading on Friday, the U.S. dollar has given back some ground but remains firmly positive.

The U.S. dollar index is currently trading at 106.55, up 0.86 points or 0.8 percent, but off a high of 106.93.

The greenback is trading at 134.99 yen versus the 132.89 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.0183 compared to yesterday's $1.0246.

The early advance by the dollar came after the Labor Department released a report showing employment in the U.S. jumped by much more than expected in the month of July.

The report showed non-farm payroll employment spiked by 528,000 jobs in July after surging by an upwardly revised 398,000 jobs in June.

Economists had expected employment to climb by about 250,000 jobs compared to the addition of 372,000 jobs originally reported for the previous month.

With the stronger than expected job growth, the unemployment rate unexpectedly edged down to 3.5 percent July from 3.6 percent in June. The unemployment rate was expected to remain unchanged.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Pound Declines After BoE Announces Intervention In Bond Market (07 hr(s), 10 min(s), 08 sec(s) ago)
(RTTNews) - The pound fell against its major rivals in the European session on Wednesday, after th ...Full Story»

Swiss Franc Strengthens Amid Recession Concerns, European Energy Crisis (09 hr(s), 28 min(s), 07 sec(s) ago)
(RTTNews) - The Swiss franc climbed against its major counterparts in the European session on Wedn ...Full Story»

U.S. Dollar Advances As White House Dismisses Possibility Of Currency Accord (13 hr(s), 16 min(s), 08 sec(s) ago)
(RTTNews) - The U.S. dollar was higher against its major counterparts in the Asian session on Wedn ...Full Story»

Hungarian Forint Rises Against U.S. Dollar After Hungary Rate Hike (08 hr(s), 49 min(s), 07 sec(s) ago)
(RTTNews) - The Hungarian forint advanced against the U.S. dollar in the European session on Tuesd ...Full Story»

U.S. Dollar Weakens As Treasury Yields Drop (11 hr(s), 46 min(s), 08 sec(s) ago)
(RTTNews) - The U.S. dollar dropped against its major counterparts in the European session on Tues ...Full Story»

Canadian Dollar Declines On Fed Rate Hike Fears (05 hr(s), 55 min(s), 08 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against its major peers in the European session on Monday ...Full Story»

Canadian Dollar Falls Against Majors (07 hr(s), 46 min(s), 08 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against its major peers in the European session on Monday ...Full Story»

Euro Rebounds After Far-right Party's Election Win In Italy (09 hr(s), 58 min(s), 08 sec(s) ago)
(RTTNews) - The euro rose against its most major counterparts in the European session on Monday, a ...Full Story»

Search

FOREX NEWS

Pound Declines After BoE Announces Intervention In Bond Market

09/28/2022 - 10:39 AM (RTTNews)
(RTTNews) - The pound fell against its major rivals in the European session on Wednesday, after th ...Full Story>>

Swiss Franc Strengthens Amid Recession Concerns, European Energy Crisis

09/28/2022 - 08:21 AM (RTTNews)
(RTTNews) - The Swiss franc climbed against its major counterparts in the European session on Wedn ...Full Story>>

U.S. Dollar Advances As White House Dismisses Possibility Of Currency Accord

09/28/2022 - 04:32 AM (RTTNews)
(RTTNews) - The U.S. dollar was higher against its major counterparts in the Asian session on Wedn ...Full Story>>

Hungarian Forint Rises Against U.S. Dollar After Hungary Rate Hike

09/27/2022 - 09:00 AM (RTTNews)
(RTTNews) - The Hungarian forint advanced against the U.S. dollar in the European session on Tuesd ...Full Story>>

U.S. Dollar Weakens As Treasury Yields Drop

09/27/2022 - 06:04 AM (RTTNews)
(RTTNews) - The U.S. dollar dropped against its major counterparts in the European session on Tues ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.