U.S. dollar rises vs. counterparts

Monday, 10/07/2017 | 08:55 GMT

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Weekly synopsis

The U.S. dollar escalated versus its main counterparts last Friday, following the latest data released that the economy in the U.S. has created last month more jobs, amid the expectations that the FED will proceed with a third rise in rates this year.

U.S. dollar index to 95.78

The U.S. dollar index traded to 95.78 appreciating 0.21%. Last month, as per the Labor Department's report, the U.S. economy introduced 222,000 for the month of June.

The rate of unemployment climbed from 4.3% to 4.4%, and the wage inflation rose 2.5% in June below the 2.5% estimated rate.

The USD/JPY pair reached the 113.90 zone, the EUR/USD went to 1.1390 dropping 0.21%, the GBP/USD approached the 1.2890 area falling 0.61%, and the USD/CAD to 1.2874 decelerating 0.79%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-rises-vs.-counterparts

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