3/7/2025–|Last update: 21:23 (Mecca time)
The dollar rose against major currencies, including the yen, the euro and the Swiss franc today, Thursday, after data showed that the American economy has provided more jobs than analysts, and this indicates that the Federal Reserve (the US Central Bank) may take longer to facilitate monetary policy.
- The dollar rose 0.95% to 145.03 yen.
- 0.41% to 0.7952 Swiss francs.
- The euro fell 0.35% to $ 1.1756.
The rise of the dollar after the data increased in the returns of US Treasury bonds, and the bond returns rose for two years, which usually moves in line with the interest rates of the US Central Bank, 8.1 basis points to 3.87%, and the return on the standard US Treasury bonds increased for 10 years to 4.33%.
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It opened the Standard & Poor’s 500 and Nasdak, the complex at a new peak today, Thursday, due to job data, amid concerns about the customs duties policies pursued by President Donald Trump.
- The Dow Jones Industrial Index rose 0.18% to 44565.75 points.
- The Standard & Poor’s index rose 500 by 0.31%, to 6246.46 points.
- The Nasdaq collection increased 104.5 points, or 0.51%, to 20497,663 points.
Jobs
The US economy added more jobs than expected in June, while the unexpected unemployment rate decreased to 4.1%, and this indicates that the labor market maintains stability.
The US Department of Labor Statistics Office said in the job report, which has a close follow -up today, Thursday, that non -agricultural jobs rose 147 thousand jobs last month after an increase of 144,000 jobs in May.
Economists had polled their opinions that expected the American economy to add 110,000 jobs after increasing 139,000 jobs last May. The estimates ranged from an increase of 50 thousand and 160 thousand.
The unemployment rate fell from 4.2% in May, and economists expected to rise to 4.3%.
