Dollar jumps on upbeat US jobs data

2019-12-07 03:04:59 GMT (Economies.com)
Dollar jumps on upbeat US jobs data

The US dollar rose against most major currencies on Friday, after the release of the monthly jobs report in the US, which showed strong data for November.

 

The US Department of Labor revealed today that the economy has added 266K new jobs in November, higher than forecasts of 181K jobs.

 

The unemployment rate fell unexpectedly last month to a 50-year low of 3.5% from 3.6% in October.

 

The White House chief economic advisor Larry Kudlow said that the US and China are engaged in intensive talks and are getting close to reaching a trade deal.

 

But Kudlow warned that the Trump administration is ready to end these talks if the deal is no good for Washington.

 

Otherwise, the dollar index rose against a basket of currencies by 0.3% to 97.7 points as of 18:39 GMT, and hit an intraday high of 97.8 and a low of 97.3.

 
 
 
  Symbol Last Change Chg.%
1.1025
-0.0069
0.6179%
1.3073
0.0072
0.5534%
Tadawul
8334.35
-52.00
0.62%
18.104
0.083
0.458%
54.273
-4.505
7.665%
60.77
-1.26
2.03%
1570.630
13.715
0.881%
 
 
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