The dollar is near a 5-month high supported by positive economic data
Stabilized The US dollar is near its highest levels in 5 months against a basket of currencies, supported by positive economic data that strengthened confidence in the strength of The American economy.
The index recorded The dollar 100.16, after rising by 1.5% since last week, following the Federal Reserve’s interest rate cut while reducing expectations of an additional cut this year.
Jobs rise
October data showed an increase in jobs in the private sector by 42 thousand jobs, exceeding expectations that indicated 28 thousand jobs.
While the services sector witnessed a clear recovery supported by new orders.
The dollar fell slightly as investors tended to risk currencies. The highest, while the Australian dollar rose by 0.3%, and the British pound stabilized near $1.305.
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