US EditionDollar Advances with US Jobs Data, Supreme Court Ruling in View
The dollar index rose 0.2% for a third day as traders awaited U.S. jobs data and a Supreme Court tariff ruling that could alter trade policy and affect interest rates.
- On Friday, the U.S. dollar rose as traders awaited the U.S. jobs report and the U.S. Supreme Court verdict on President Donald Trump's tariffs, with the dollar index up 0.2% at 98.883 for a third day.
- Data releases this week, including weekly jobless claims on Thursday, showed a marginal increase and ING analysts said December payrolls will dispel government shutdown data fog but may not clarify rates.
- The euro traded at $1.1657 ahead of German trade data and euro‑zone retail sales, while the dollar was at 156.885 yen after Japanese household spending rose in November.
- The Supreme Court could decide whether Trump can use the International Emergency Economic Powers Act to impose tariffs, prompting company executives, customs brokers and trade lawyers to prepare for some $150 billion in refunds.
- Markets appear prepared to tolerate a weak payrolls print, as Fed funds futures price an 89% chance of a rate hold at January 27, with ING analysts emphasizing the unemployment rate as more impactful.
17 Articles
17 Articles
Dollar gains following US employment data
NEW YORK, : The dollar gained on Friday after data showed slower than expected U.S. jobs growth and as financial markets braced for a probable Supreme Court decision that could strike down President Donald Trump's tariffs. The U.S. economy added 50,000 jobs in December, according to Labor Dep
Dollar strengthens after U.S. jobs data, markets await Supreme Court tariff ruling
The US dollar gained against major currencies on Friday after the release of December jobs data showing slower-than-expected growth. The US economy added 50,000 jobs in December, falling short of economists’ forecasts of 60,000. The big picture: The jobs report reinforced expectations that the Federal Reserve will keep interest rates unchanged at its next meeting later in January, with futures pricing in a 95% chance of no rate hike. The dollar…
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