Investing.com – USD rises in early European trading on Friday, near one-month highs after healthy jobs data points to strong labor market ahead of widely watched official jobs data traded.
At 02:55 ET (07:55 GMT), the US dollar tracks against a basket of six other currencies. rises 0.2% to 105.075, not so much from Thursday’s nearly month-long peak of 105.27. not away
The index is on track for its biggest weekly gain of over 1.6% since September.
The number of Americans filing for unemployment benefits fell to a three-month low last week, according to data released Thursday, but private employment rose by 235,000 last month, well above expectations. .
That brings us to the official employment report, due later in the session, which is expected to show the labor market remains healthy in December, adding 200,000 jobs and unchanged at 3.7%.
“It is not surprising that signs of strength in the U.S. labor market are prolonging both the Fed’s concerns about a tight labor market and its interest in curbing inflation,” ING analysts wrote in a note.
Despite gaining in November, the euro remained weak, gaining 1.1% from the previous month. The pair fell 0.8%, and in the previous session he reached a three-week low.
After falling to a six-week low on Thursday, it fell 0.1% to 1.1898.
ING added: “We expect the British pound to remain weak and worth a move to 1.1780/1800 if US employment data rises.”
Gaining 0.6% to 134.20, the yen continues to retreat from speculation that it will reverse ultra-loose monetary policy in the near future after reaching a seven-month high earlier this week.
The Risk Sensitive Index climbed to 0.6752 and fell 0.3% to 6.8616, pushing the yuan to a four-month high as traders bet on a strong economic boost from China reopening its borders this month.