U.S. dollar rises broadly

  • World
  • Tuesday, 07 Feb 2023

NEW YORK, Feb. 6 (Xinhua) -- The U.S. dollar strengthened broadly against major rivals in late trading on Monday.

The dollar index, which measures the greenback against six major peers, increased 0.66 percent to 103.6140, following a 1.16 percent jump in the prior session.

In late New York trading, the euro was down to 1.0726 U.S. dollars from 1.0803 dollars in the previous session, and the British pound decreased to 1.2028 U.S. dollars from 1.2054 dollars in the previous session.

The U.S. dollar bought 132.51 Japanese yen, higher than 131.06 Japanese yen of the previous session. The U.S. dollar rose to 0.9281 Swiss francs from 0.9258 Swiss francs, and it increased to 1.3444 Canadian dollars from 1.3398 Canadian dollars. The U.S. dollar climbed to 10.6224 Swedish Kronor from 10.5476 Swedish Kronor.

The above market reactions came as Friday's data showed U.S. job growth surged in January, suggesting the Federal Reserve could stay hawkish for longer as it attempts to slow the economy to bring inflation down.

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