Dollar hits more than 1-year peak after U.S. jobs data, then pulls back – Reuters
- Date: 05-Nov-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Dollar hits more than 1-year peak after U.S. jobs data, then pulls back – Reuters
New York, Nov 5 (Reuters) - The dollar hit its highest level in more than a year on Friday after data showed more jobs were created in the United States than expected in October, providing the U.S. Federal Reserve more proof that the economic recovery has regained momentum.
Nonfarm payrolls increased by 531,000 jobs last month, above the 450,000 jobs forecast, as the surge in COVID-19 infections over the summer subsided. read more
Data for August and September were also revised upward to show an additional 235,000 jobs were created over those months.
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