💨 Abstract

The U.S. dollar rallied on Friday, reaching its highest since July against the yen, as job creation and consumer inflation expectations exceeded forecasts. The unemployment rate dipped to 4.1%, and average hourly earnings increased by 0.3%. The euro fell to its lowest against the dollar since November 2022, while the dollar index advanced to its highest since November 2022, indicating a stronger U.S. dollar.

Courtesy: theprint.in