U.S. dollar rising after the Fed's comments & employment data

3 Oct 2018 03:37 PM

The U.S. dollar rose against a basket of currencies today, reaching its highest daily high of 95.63, following a statement by a senior U.S. policymaker that inflation expectations did not rise as much as he wanted and he would be comfortable with a new rate hike in December.

Also, the U.S. private sector employment data came in better than expected, as the economy adding 230,000 jobs in September, after adding 168,000 jobs in August.

The euro's recovery was not completed following reports that Italy plans to cut its budget deficit over the next three years, dropping EUR against the U.S. dollar to a daily low of 1.1527 after Evans' comments and U.S. employment data.

Sterling is near a three-week low as markets await Prime Minister Theresa May's speech later in the day, also UK's service sector also slowed in September.

Tags:

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only