Friday, 7 September 2018 20:31 WIB |
CURRENCIES |DOLLARDolar Indeks Dolar
A whiff of accelerating wage growth provided a modest lift for the U.S. currency Friday, trimming the weekly loss for a closely watched dollar index.
The Labor Department said the U.S. economy created 201,000 new jobs in August, while the unemployment rate was left unchanged at an 18-year low of 3.9%. The main event for traders, however, was the wage component, which showed a 0.4% monthly rise in average pay, topping expectations for a 0.2% rise. Year-over-year wage growth was 2.9%, p from 2.7% in July and the fastest since June 2009.
The euro traded at $1.1576 versus $1.1621 just ahead of the data and a level of $1.1624 in late New York trade on Thursday. The dollar traded at 110.96 Japanese yen compared with 110.83 before the jobs figures and 110.75 late Thursday.
The ICE U.S. dollar index a gauge of the currency against a basket of six major rivals, trimmed a decline to trade at 04.977, leaving it on track for a weekly drop of 0.2%.
Source : Marketwatch