The us dollar appreciated against foreign currencies in anticipation of data of the US labor market

The us dollar appreciated against foreign currencies in anticipation of data of the US labor market


The dollar index in the middle of the day grew by 0.12% to 98,10 item. The Euro-dollar exchange rate decreased to 1,0883 with 1,0884 dollar dollar per Euro on the previous closing.

MOSCOW, 6 Nov. The dollar on Friday rising to world currencies because of expectations of investors of statistics regarding the labor market in the U.S., according to AFP.

As at 14.38 GMT the dollar index (the dollar against a basket of six currencies of major US trading partners) grew by 0.12% to 98,10 item. The Euro-dollar exchange rate decreased to 1,0883 with 1,0884 dollar dollar per Euro on the previous closing. The dollar exchange rate to yen has grown to 121,91 yen per dollar with 121,75 yen per dollar.

The strengthening of the U.S. currency helped out of monthly data of labor market in the country. Later on Friday will be released data of unemployment in October. Analysts believe that it has been preserved at the level of September’s 5.1%. While the number of newly created jobs in non-agricultural sectors of the economy, according to experts, grew by 180 million against 142 thousand in September.

Some experts believe that despite the US data, the dollar will still continue to rise in price, in particular, due to the possibility of expanding the European Central Bank (ECB) quantitative easing program.