Markets > Currencies

U.S. dollar climbs amid economic data

Xinhua News,NEW YORK
2020-09-08 03:38

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NEW YORK, Sept. 7 (Xinhua) -- The U.S. dollar strengthened in late trading on Monday as market participants continued to digest some key economic data.

The dollar index, which measures the greenback against six major peers, was up 0.38 percent at 93.0753.

In late New York trading, the euro was down to 1.1811 U.S. dollars from 1.1849 dollars in the previous session, and the British pound fell to 1.3168 dollars from 1.3289 U.S. dollars in the previous session. The Australian dollar fell to 0.7276 U.S. dollar from 0.7296 dollar.

The U.S. dollar bought 106.28 Japanese yen, higher than 106.19 Japanese yen of the previous session. The U.S. dollar rose to 0.9162 Swiss franc from 0.9122 Swiss franc, and it was up to 1.3094 Canadian dollars from 1.3046 Canadian dollars.

U.S. employers added 1.4 million jobs in August, and the unemployment rate dropped to 8.4 percent, as the nation's pandemic-ravaged labor market continues to slowly recover, the U.S. Bureau of Labor Statistics reported Friday.

Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8 percent from 10.2 percent in July.

The U.S. unemployment rate previously soared to a record 14.7 percent in April. Payrolls are still about 11 million below pre-pandemic levels.

Foreign exchange trading was relatively thin as U.S. financial markets were closed on Monday for the Labor Day holiday.
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