Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Dollar ends higher on us labor market strength | Mind Blowing Facts

The dollar index (DXY00) on Friday rose by +0.19%.  The dollar on Friday garnered support after US nonfarm payrolls rose more than expected, bolstering expectations that the Fed will be in no hurry to lower interest rates.  Higher T-note yields on Friday are also supportive of the dollar.  In addition, hawkish comments from Dallas Fed President Logan and Fed Governor Bowman were bullish for the dollar when they said now is not the time to start cutting interest rates.  However, the strength in equities on Friday curbed liquidity demand for the dollar. 

US Mar nonfarm payrolls rose +303,000, stronger than expectations of +214,000 and the biggest increase in 10 months.  The Mar unemployment rate fell -0.1 to 3.8%, right on expectations.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.