October 12, 2022
(Economies.com) - Dollar rose on Monday as a hedge against inflation ahead of major US consumer prices today this week.
Last Friday, the payrolls report showed the US economy added 263 thousand new jobs in September, beating estimates of 248 thousand, and after adding 315 thousand jobs in August.
Unemployment fell unexpectedly to 3.5%, beating expectations of staying at 3.7%.
Now markets look forward to major US inflation data later this week, which will influence the Federal Reserve's policy decisions.
The dollar index rose 0.2% to 113.03 as of 17:50 GMT, with a session-high at 113.3, and a low at 112.6.
By Forex News
October 10, 2022
