NEW YORK, Jan. 5 (Xinhua) — The U.S. dollar appreciated in late trade on Thursday as markets reacted to a flurry of labor market data.
The dollar index, which measures the greenback against six major peers, rose 0.77 percent to 105.0490.
In late New York trading, the euro fell to US$1.0530 from US$1.0605 in the previous session, and the British pound fell to US$1.1918 from US$1.2060.
The US dollar bought 133.22 Japanese yen, higher than 132.58 Japanese yen from the previous session. The dollar rose to 0.9360 Swiss francs from 0.9295 Swiss francs. The US dollar rose to C$1.3569 from C$1.3452, and it strengthened to SEK 10.6791 from SEK 10.5026.
The above market moves came after the latest US employment statistics pointed to a tight market, reinforcing expectations that the Federal Reserve could remain aggressive in raising interest rates.
Payroll processor ADP said Thursday that the U.S. private sector added 235,000 jobs in December, well above the Dow Jones estimate of 153,000.
The U.S. Labor Department reported that the nation’s jobless claims, a rough measure of layoffs, fell by 19,000 to 204,000 in the week ended Dec. 31. Economists polled by The Wall Street Journal had predicted new applications would reach 220,000.
Source: sn.dk