Job Growth Boosts Dollar

Job Growth Boosts Dollar

Share this article

  • Following the release of the latest U.S. nonfarm payrolls report, the dollar experienced an upward surge on Friday. The report exceeded expectations, revealing that U.S. employers added a robust 199,000 jobs in November. This positive economic indicator contributed to the strengthened position of the U.S. dollar.


  • Conversely, the yen faced a decline against the dollar, reversing its trajectory from the previous day when it witnessed its most significant rally in nearly a year. The dynamic movement in the currency markets reflects the sensitivity to economic data releases and underscores the impact of employment figures on the foreign exchange landscape.

Why it matters

Closing the day, the U.S. dollar index showed a notable increase of 0.43%, reaching 104.13. Meanwhile, the yen demonstrated a 0.55% decrease against the dollar, settling at 144.955. These fluctuations highlight the responsiveness of currency markets to economic indicators, making it imperative for investors and traders to stay attuned to evolving financial data.


Get Smarter
About Investing

Join 35,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
Get Smarter<br/> About Investing

Similar News