US dollar holds onto payrolls gains, NZ dollar rises after election
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The US dollar stayed near recent highs on Monday after strong jobs data boosted bets for higher interest rates.
- ✓Meanwhile, the New Zealand dollar rose following weekend elections.
- ✓Barclays strategists noted, "Economic realities continue to surprise to the upside," as the dollar kept its appeal despite ongoing global market shifts.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
TOKYO, Nov 9 (Reuters) - The US dollar traded not far from a 1-1/2-year high versus the euro and a seven-month high on the Aussie on Monday, after surging by the most in nearly six months on Friday as robust US jobs data pushed up bets for higher interest rates.
New Zealand's currency bounced from a seven-month trough after too-close-to-call weekend elections weakened the government, although the country will need to wait until late this month to find out who will govern as vote counting continues.
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The US dollar index , which measures the currency against six major rivals including the euro, was steady at 102.20 early on Monday, after leaping around 0.7% on Friday, when data showed jobs growth accelerated in October while the unemployment rate fell.
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Reuters
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