Greenback posts third weekly rise after upbeat data
Reuters, NEW YORK
The US dollar rose on Friday in thin trading, posting its third straight weekly gain, after data showed that the world’s largest economy created more jobs than expected last month, suggesting that it is on a steady path to recovery from the COVID-19 pandemic.
Financial markets were closed in Australia, Europe, Hong Kong, Singapore and the UK in observance of the Good Friday holiday. Wall Street was also closed, while the US bond and currency markets were open, because Good Friday is not a US government holiday.
Friday’s data showed that US nonfarm payrolls surged by 916,000 last month, the largest gain since August last year.
Dollar, U S Treasuries edge higher on strong U S labor report
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Dollar posts third straight weekly rise after upbeat U S payrolls report
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