Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Dollar Rises as US Jobs Data Beat Forecasts

Stronger labor numbers shift expectations on interest rates

The US dollar climbed on Friday after new job data showed 139,000 positions were added in May. That result beat forecasts of 130,000, although it fell short of April’s 147,000.

The labor market’s resilience is making investors question whether the Federal Reserve will delay interest rate cuts. As expectations adjust, the dollar is regaining strength.

In the currency market:

  • The dollar rose 0.95 percent against the Japanese yen, reaching 144.87
  • It gained 0.26 percent against the Swiss franc, moving to 0.822
  • The DXY index climbed 0.53 percent, touching 99.20

Still, the dollar remains down nearly 8 percent against the yen and 9 percent against the franc so far this year.

Analysts explain that recent pressures on the dollar came from rising fiscal deficits and trade tensions fueled by President Donald Trump’s tariff policies. However, stronger-than-expected job reports are now leading many to unwind short positions on the currency.

Adding to the movement, China’s yuan hit a two-year low against a basket of global currencies. This came after an unproductive call between Trump and Xi Jinping, which left key trade concerns unresolved.

With global uncertainty rising, the dollar is stepping back into its role as a safe-haven asset.

Team XSTP

Writer & Blogger

Leave a Reply

Your email address will not be published. Required fields are marked *

Related posts

Up-to-date news on the digital economy.

Contact

Categories

Institutional

Up-to-date news on the digital economy.

Contact

Categories

Institutional

Up-to-date news on the digital economy.

Contact

Categories

Institutional

Disclaimer: Cryptocurrencies may not be regulated in your jurisdiction. The value of cryptocurrencies can fluctuate. Profits may be subject to capital gains or other applicable taxes in your jurisdiction. ©2025 StartupX Tecnology LLC | All Rights Reserved

Disclaimer: Cryptocurrencies may not be regulated in your jurisdiction. The value of cryptocurrencies can fluctuate. Profits may be subject to capital gains or other applicable taxes in your jurisdiction. ©2025 StartupX Tecnology LLC | All Rights Reserved