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Tuesday, October 8, 2024

US jobs data strengthens the dollar

US jobs data strengthens the dollar

And it went down Yen Slightly to 149.10 against the dollar, reaching the lowest level since August 16, before trimming its losses to reach about 148.40 against the dollar. This came after a decline of more than four percent last week, recording its largest weekly decline since early 2009.

And he went up Dollar After he showed up Jobs report In the United States, the largest jump in jobs in six months during September, the unemployment rate decreased, and wages increased strongly, which indicates the strength of the American economy and forces markets to reduce their expectations that the Federal Reserve will… Federal (The US Central Bank) will lower prices Interest.

According to the latest developments in the Middle East, Israel bombed the Gaza Strip and Hezbollah targets in Lebanon yesterday, Sunday, before the first anniversary of the October 7 attacks that sparked… Spark of war. The Israeli Defense Minister also announced that all options are open to respond to Iran.

Crude futures fell Brent 0.4 percent on Monday, but rose by more than eight percent last week to record its largest weekly gain since early January 2023.

And he settled down Dollar indexwhich measures its performance against other major currencies. It rose 0.5 percent on Friday to its highest level in seven weeks, bringing its gains to more than two percent during the week, the highest in two years.

And he settled down euro At $1.0970, down 0.06 percent, according to Reuters data.

As settled Pound Sterling At about $1.3122 after a 1.9 percent decline last week, its largest decline since early 2023.

The New Zealand dollar rose 0.1 percent to $0.6166.



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