Loading...

Advertisement

Dollar Rises Against Major Rivals On Strong Jobs Data

RTTNews | 765 days ago

Dollar Rises Against Major Rivals On Strong Jobs Data

(RTTNews) - The U.S. dollar climbed higher against its major counterparts on Friday thanks to stronger-than-expected job growth in May.

Data from the Labor Department showed U.S. employment surged by much more than expected in the month of May.

The report showed non-farm employment soared by 339,000 jobs in May after spiking by an upwardly revised 294,000 jobs in April. Economists had expected employment to climb by 190,000 jobs compared to the jump of 253,000 jobs originally reported for the previous month.

The data also showed that the unemployment rate rose to 3.7% in May from 3.4% in April. The unemployment rate was expected to inch up to 3.5%.

The dollar index surged to 104.09, gaining more than 0.5%.

Against the Euro, the dollar firmed to 1.0708 from 1.0764. The dollar strengthened to 1.2452 against Pound Sterling, rising from 1.2527.

Against the Japanese currency, the dollar was up sharply at 139.97 yen, rising from 138.79 yen. Against the Aussie, the dollar eased to 0.6606 from 0.6571.

The dollar rose to CHF 0.9088 from 0.9056, and eased to C$ 1.3429 agaisnt the Loonie.

read more

Taiwan Bourse May Extend Friday's Losses

Taiwan Bourse May Extend Friday's Losses

The Taiwan stock market on Friday wrote a finish to the three-day winning streak in which it had jumped more than 450 points or 2 percent. The Taiwan Stock Exchange now sits just beneath the 22,550-point plateau and it may take further damage on Monday.

RTTNews | 13 minutes ago

Losses May Accelerate For Singapore Stock Market

Losses May Accelerate For Singapore Stock Market

The Singapore stock market on Friday snapped the three-day winning streak in which it had advanced more than 55 points or 1.3 percent. The Straits Times Index now rests just shy of the 4,015-point plateau and it's tipped to open in the red again on Monday.

RTTNews | 43 minutes ago

Malaysia Bourse Expected To Remain Rangebound

Malaysia Bourse Expected To Remain Rangebound

The Malaysia stock market ticked higher again on Friday, one day after ending the five-day winning streak in which it had collected more than 35 points or 2.1 percent. The Kuala Lumpur Composite Index now sits just above the 1,550-point plateau although it figures to turn lower again on Monday.

RTTNews | 1h 13min ago

Japan Stock Market May Be Stuck In Neutral On Monday

Japan Stock Market May Be Stuck In Neutral On Monday

The Japanese stock market has moved higher in two straight sessions, advancing almost 50 points or 0.2 percent along the way. The Nikkei 225 now sits just above the 39,810-point plateau although it may spin its wheels on Monday.

RTTNews | 1h 28min ago

KOSPI May Extend Friday's Losses

KOSPI May Extend Friday's Losses

The South Korea stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 35 points or 1.2 percent. The KOSPI now sits just above the 3,050-point plateau and it may open under pressure again on Monday.

RTTNews | 1h 43min ago

Japan Leading Index Data Due On Monday

Japan Leading Index Data Due On Monday

Japan will on Monday see preliminary May results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2h 43min ago

TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.

RTTNews | 2 days ago

Euro Climbs Against Most Majors

Euro Climbs Against Most Majors

The euro firmed against its most major counterparts in the New York session on Friday.

RTTNews | 2 days ago

Terms | Privacy | Site Map | Site Map Calendar

© 2025 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.