{"id":1591490,"date":"2022-08-05T17:39:04","date_gmt":"2022-08-05T21:39:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1591490"},"modified":"2022-08-05T21:19:17","modified_gmt":"2022-08-06T01:19:17","slug":"u-s-dollar-posts-broad-gains-after-unexpectedly-strong-jobs-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-dollar-posts-broad-gains-after-unexpectedly-strong-jobs-data\/","title":{"rendered":"U.S. dollar posts broad gains after unexpectedly strong jobs data"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-dollar-posts-broad-gains-after-unexpectedly-strong-jobs-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1591490&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Caroline Valetkevitch<\/p>\n<p>NEW YORK (Reuters) \u2013 The dollar rallied across the board on Friday, notching its biggest daily percentage gain since mid-June against the yen, after a stronger-than-expected U.S. payrolls report suggested the Federal Reserve may need to continue aggressively raising interest rates in the near term.<\/p>\n<p>The U.S. dollar index, which measures the greenback against a basket of currencies, sharply extended gains following the report, which showed nonfarm payrolls increased by 528,000 jobs last month, the largest gain since February. That was well above economists\u2019 expectations.<\/p>\n<p>The dollar index, which remains below its mid-July high, was last up 0.8% at 106.57. It was up about 0.2% just before the release of the U.S. Labor Department\u2019s employment report. The index was up about 0.6% for the week.<\/p>\n<p>\u201cThis is a much stronger report than was expected. \u2026 What it means is the Fed cannot pivot at this point. The Federal Reserve has to continue to hike rates. The folks who are saying let\u2019s take it more slowly are being shoved aside here with this report,\u201d said Axel Merk, president and chief investment officer at Merk Investment in Palo Alto, California.<\/p>\n<p>\u201cThe dollar is stronger against almost everything. The U.S. is performing when the general mood is that the world is slowing down.\u201d<\/p>\n<p>Against the yen, the dollar was last up 1.5% at 134.99 yen. For the week, the dollar was up 1.3% against the yen.<\/p>\n<p>The Fed last week raised its policy rate by three-quarters of a percentage point. The U.S. central bank has raised that rate by 225 basis points since March, but investors had been assessing recently whether the Fed might be less aggressive in hiking rates in the future. The dollar index is up more than 11% for the year so far amid the outlook for higher rates.<\/p>\n<p>Sterling was down 0.8% against the dollar at $1.2066, a day after the Bank of England (BoE) raised rates by the most in 27 years to fight surging inflation and warned that a long recession would begin in the fourth quarter of this year.<\/p>\n<p>The euro was down 0.7% against the greenback at $1.0178.<\/p>\n<p>In cryptocurrencies, bitcoin was last up 1.2% at $22,886.45.<\/p>\n<p>========================================================<\/p>\n<p>Currency bid prices at 3:30PM (1930 GMT)<\/p>\n<p>Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid<\/p>\n<p>Previous Change<\/p>\n<p>Session<\/p>\n<p>Dollar index 106.5700 105.7000 +0.84% 11.401% +106.9300 +105.6900<\/p>\n<p>Euro\/Dollar $1.0178 $1.0247 -0.66% -10.46% +$1.0252 +$1.0142<\/p>\n<p>Dollar\/Yen 134.9850 132.9300 +1.52% +17.23% +135.4900 +132.5300<\/p>\n<p>Euro\/Yen 137.40 136.18 +0.90% +5.43% +137.7500 +135.8100<\/p>\n<p>Dollar\/Swiss 0.9618 0.9552 +0.66% +5.41% +0.9649 +0.9539<\/p>\n<p>Sterling\/Dollar $1.2066 $1.2158 -0.75% -10.77% +$1.2168 +$1.2004<\/p>\n<p>Dollar\/Canadian 1.2930 1.2863 +0.53% +2.27% +1.2984 +1.2865<\/p>\n<p>Aussie\/Dollar $0.6912 $0.6968 -0.78% -4.89% +$0.6975 +$0.6870<\/p>\n<p>Euro\/Swiss 0.9789 0.9783 +0.06% -5.59% +0.9801 +0.9760<\/p>\n<p>Euro\/Sterling 0.8434 0.8420 +0.17% +0.40% +0.8453 +0.8411<\/p>\n<p>NZ $0.6241 $0.6298 -0.89% -8.80% +$0.6309 +$0.6215<\/p>\n<p>Dollar\/Dollar<\/p>\n<p>Dollar\/Norway 9.7970 9.7275 +0.70% +11.20% +9.8705 +9.7255<\/p>\n<p>Euro\/Norway 9.9770 9.9648 +0.12% -0.36% +10.0212 +9.9607<\/p>\n<p>Dollar\/Sweden 10.1903 10.1117 +0.08% +13.00% +10.2356 +10.1051<\/p>\n<p>Euro\/Sweden 10.3725 10.3641 +0.08% +1.35% +10.3938 +10.3504<\/p>\n<p>(Reporting by Caroline Valetkevitch; additional reporting by Samuel Indyk in London and Rae Wee in Singapore; editing by Ros Russell, Angus MacSwan, Susan Fenton and Paul Simao)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/dollar-edges-higher-ahead-2\/illustration-shows-u-s-dollar-banknotes-6\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI74018-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI74018-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Caroline Valetkevitch NEW YORK (Reuters) \u2013 The dollar rallied across the board on Friday, notching its biggest daily percentage gain since mid-June against the yen, after a stronger-than-expected U.S.<\/p>\n","protected":false},"author":66,"featured_media":1898348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"U.S. dollar posts broad gains after unexpectedly strong jobs data","footnotes":""},"categories":[],"tags":[],"class_list":["post-1591490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"U.S. dollar posts broad gains after unexpectedly strong jobs data","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1591490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1591490"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1591490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1898348"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1591490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1591490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1591490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}