dollar holds firm in asia after us jobs data rally
Last Updated : GMT 10:30:02
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.

 

arabstoday
arabstoday

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*

dollar holds firm in asia after us jobs data rally dollar holds firm in asia after us jobs data rally

 



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*

dollar holds firm in asia after us jobs data rally dollar holds firm in asia after us jobs data rally

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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