The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep hiking interest rates. The Labor Department's closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last month.
The emerging market currencies index was on track for its
biggest daily percentage drop in nearly three years on Friday,
with most Latin American currencies at session lows after solid
U.S. job ...
* Canadian dollar weakens 0.6% against the greenback. * For the week, the loonie was down 0.7% * Greater Toronto Area home prices fall 1.2% in January. * Canadian bond yields rise across curve. By Fergal Smith.
The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep hiking interest rates. The Labor Department's closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last month.
Sterling stumbled against the dollar on Friday after a much larger-then-expected jump in U.S. jobs growth lifted the dollar as it drove bets that the Federal Reserve could opt for a bigger interest rate hike next month.
* Canadian dollar weakens 0.7% against the greenback. * For the week, the loonie is on track to decline 0.8% * Greater Toronto Area home prices fall 1.2% in January. * Canadian bond yields rise across the curve.
By Karen Brettell. The dollar jumped on Friday after data showed that employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep hiking interest rates. The Labor Department's closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last month.
By Harry Robertson. The dollar slipped on Friday as investors awaited the latest U.S. jobs figures, after jumping in the previous session following a raft of central bank decisions. The U.S. currency dipped against the euro, reversing earlier gains.
Sterling stayed close to its weakest level in four months against the euro on Friday, following a relatively dovish stance from the Bank of England the day before. The BoE on Thursday delivered its 10th straight interest rate hike, raising the key interest rate by 50 basis points to 4% - its highest since 2008.
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