Market News
US dollar firms as strong jobs data supports Fed easing pause - REUTERS
Summary
- US dollar hits six-month high vs yen
- Euro falls to lowest since Nov. 22 vs dollar
- US dollar index on track for sixth weekly gain
- Sterling falls to lowest since Nov. 2023 vs dollar
- US rate futures price in just one rate cut in 2025
NEW YORK, Jan 10 (Reuters) - The U.S. dollar rallied on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.
The greenback also extended gains following a report that showed U.S. consumer inflation expectations for the next year and beyond jumped in January.
The dollar rose to its highest since July against the yen after the data, before turning lower on the day. It was last down 0.1% at 157.845 yen .
