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May 15, 2021

The dollar rose against a basket of major currencies on Friday, supported by Non-farm payrolls up 250,000 in October.

us dollar

The dollar rose against a basket of major currencies on Friday, supported by Non-farm payrolls up 250,000 in October.

In the economic space, U.S. hiring rebounded by more than forecast in October, annual wage gains topped 3 percent for the first time since 2009 and the jobless rate held at a 48-year low, signaling the labor market will keep driving consumption and economic growth.

Nonfarm payrolls rose to reach 250,000 after a downwardly revised 118,000 gain, as the Labor Department report showed on Friday.

The U.S Dollar index surged versus a basket of six major currencies on Friday to end the session at 96.27.

Over in Europe, The Euro fell versus the greenback on Friday, pressured lower by reports about the European Central Bank introducing new TLTROS, loans to commercial banks at low-interest rates.; the EURUSD fell by 0.20 to trade at 1.1386. at the close.

Over in the United Kingdom, the Great British Pound tumbled by 0.32 percent versus US dollar to trade at 1.2962 at the close.

In terms of Safe-havens, the Japanese yen and Swiss Franc fell on Friday as the US strengthened on strong fundamentals.

The USDJPY jumped by 0.42 percent to trade at 113.166. at the close. Meanwhile, the USDCHF rose by 0.1 trade at 1.0030 at the close.

Precious metal Gold declined against the greenback on Friday to close at 1232.70 XAUUSD per ounce.

In terms of commodity-currencies, the greenback rose versus the loonie dollar to settle at 1.3108 USDCAD.

Meanwhile, in Asia, the Aussie and Kiwi dollar firmed against their American counterpart on Friday, The AUDUSD fell by 0.18 percent to trade at 0.71978 and NZDUSD lost 0.21 percent to trade at 0.66400 at the close, respectively.

In Cryptocurrencies, Bitcoin, Ethereum and Litecoin were trading higher versus the Greenback on Friday to settle at 6325.11 BTCUSD, 197.56 ETHUSD, and 49.49 LTCUSD.

Ali Hwary

Ali Hwary

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