Strong US Jobs Pull Dollar, Bond Yields Out of Slump
Strong US Jobs Pull Dollar, Bond Yields Out of Slump

Strong US Jobs Pull Dollar, Bond Yields Out of Slump

Strong US Jobs Pull Dollar, Bond Yields Out of Slump

The dollar, bond yields and US stock futures all rose on Friday, following stronger-than-expected US jobs data which also pointed to wage growth picking up in the world’s biggest economy.
It bolstered what was set to be a fourth straight week of gains for world stocks and metals, and helped lift some of the weight that has been on the dollar as a saga over Russian interference in last year’s US election has deepened, Reuters reported.
The US Labor Department said non-farm payrolls increased by 209,000 jobs last month amid broad gains across industries.
June’s employment gain was also revised up to 231,000 from an already strong 222,000, while hourly earnings rose 0.3% in July after rising 0.2% in June. That was the biggest increase in five months. It sent the dollar index - the dollar measured vs 6 other top world currencies - to a four-day high, pushing the euro back to $1.1829 and the Japanese yen to 110.59 per dollar.

Short URL : https://goo.gl/B1JXvg
  1. https://goo.gl/WDfRfQ
  • https://goo.gl/Cynd8G
  • https://goo.gl/7MsdoQ
  • https://goo.gl/ySFvFy
  • https://goo.gl/3rpy2G

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The bankruptcy of investment bank Lehman Brothers on September...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Add new comment

Read our comment policy before posting your viewpoints