Dollar stronger on improved US jobs data

6 January, 2012


The US dollar has continued to strengthen in trading today, after the monthly labour market data improved the economic outloook.

Non-farm payrolls increased 200,000 in December, way above expectations of 150,000, and the unemployment rate dropped to 8.6%.

Stronger US data, as well as the weaker Euro, have been giving rise to USD strength in recent weeks, with lower exchange rates for sending money in USD as a result. If you have a requirement to move money to or from dollars, do give us a call at Currency Index to discuss your requirements and obtain a commercial exchange rate.