Arab Today, arab today dollar holds firm in asia after us jobs data rally
Last Updated : GMT 18:55:26
Arab Today, arab today
Arab Today, arab today

Dollar holds firm in Asia after US jobs data rally

Arab Today, arab today

Arab Today, arab today Dollar holds firm in Asia after US jobs data rally

the dollar
Tokyo - AFP

The dollar held up Monday after soaring on an upbeat US jobs report that boosted expectations for an early interest rate hike, while it sat at near 12-year highs against the euro as the European Central Bank prepares to launch a massive stimulus programme.
In Tokyo, the greenback bought 121.04 yen, up from 120.78 yen on Friday in New York, while the euro bought $1.0840 compared with $1.0842. The euro firmed to 131.24 yen against 130.95 yen.
The dollar also jumped against some emerging market currencies, hitting a 17-year high against the Indonesian rupiah.
"We could see the dollar continue to trend upward, especially if US data continues to be strong," Kate Warne, an investment strategist at Edward D. Jones, told Bloomberg News.
"Companies are feeling more comfortable adding to their workforce," she added.
The US Labor Department said Friday that the world's biggest economy created 295,000 new jobs in February despite some severe weather and mounting layoffs in the oil industry.
The better-than-expected figure came as the unemployment rate fell to 5.5 percent, its lowest since May 2008.
Analysts said the figures, the latest in a slew of strong US indicators, could mean the Federal Reserve will lift interest rates as early as June.
By contrast, Japanese data showed Monday that the world's number-three economy grew less than initially thought in the final quarter of 2014, putting the Bank of Japan under pressure to launch more stimulus.
The number three economy expanded just 0.4 percent on quarter, according to revised figures, down from an initial estimate of 0.6 percent growth, the Cabinet Office said.
Later Monday, the ECB is set to begin its long-awaited 1.1 trillion euro quantitative easing programme to stimulate growth and ward off deflation across the eurozone.
The dollar was mostly stronger against other Asia-Pacific currencies.
It fetched 13,067.50 Indonesian rupiah -- its highest level since mid-1998 -- from 12,836.00 rupiah in Asian trade on Friday,
The US unit also climbed to 62.67 Indian rupees from 62.17 rupees, to 1,111.82 South Korean won from 1,098.26 won, to Sg$1.3815 from Sg$1.3689, to Tw$31.56 from Tw$31.41, and to 32.57 Thai baht from 32.55 baht. It was unchanged at 44.27 Philippine pesos.
The Australian dollar weakened to 76.96 US cents from 78.07 cents, while the Chinese yuan rose to 19.31 yen from 19.15 yen.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar holds firm in asia after us jobs data rally Arab Today, arab today dollar holds firm in asia after us jobs data rally

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday