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U.S. dollar to a one-week high

Weekly synopsis

U.S. dollar, last Friday, appreciated versus its major counterparts and reached a one-week high, amid the results in the U.S.'s employment having shown a bigger increase compared to estimates, thus raising the chances that the FED will likely proceed with an interest rate hike soon.

U.S. introduces 255,000 jobs

According to the Labor Department, the economy in the U.S., last month, added 255,000 jobs, exceeding the estimations for 180,000.

As more people entered the labor market, the rate of unemployment stabilized at 4.9%. The nation's average hourly earnings appreciated, above the expectations for a 0.2% gain, by 0.3%.

The U.S. dollar index traded at 96.50 while previously having approached the 96.19 zone, recording a daily rise of 0.5%.

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Monday, 08 Aug, 2016 / 7:25

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-to-a-one-week-high

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