Market Commentary and Intraday News
Dollar soars on positive US jobs data
596 days agoTrading Index Futures
FREE Webinar will assist you in identifying good technical trade setups on the charts and the key components of your entry and risk in this market. Index futures are very technical in nature and are traded by professionals around the globe. Learn the index futures market and understand what you need to know when trading these instruments. Learn the Gap trade strategy to help build consistency in this market.
Click Here For Details
(AP:NEW YORK) The dollar is rising against most major currencies after more jobs were created last month in the U.S. than expected, sending the unemployment rate to a four-year low.
The euro fell to $1.2981 in afternoon trading from $1.3104 late Thursday. Earlier, the euro fell to $1.2954, its lowest point against the dollar since Dec. 11, 2012.
The Labor Department said 236,000 were added in February and that the unemployment rate fell to 7.7 percent from 7.9 percent in January. Economists expected the economy to add 152,000 jobs.
The British pound fell to $1.4940 from $1.5018.
The dollar rose to 95.70 Japanese yen from 94.85 Japanese yen and to 0.9525 Swiss franc from 0.9427 Swiss franc.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.