Data Helps U.S. Investors Gain Confidence, Dollar Strengthens – 5 September, 2019

Strong U.S. economic data helped the dollar gain against its peers, helping calm investors nerves about a slowed down global economy. Against the dollar, the Japanese yen fell 0.5% to 106.89 per dollar, while the dollar managed to recoup some losses against the Australian and New Zealand dollars. For the first time in over a month, Sterling gained against the dollar, trading at roughly $1.2326. The offshore yuan was last trading around 7.1382 per dollar, and the euro was little changed at $1.1031. U.S. data showed that private employees hiring was stronger than expected, helping ease some worries about the current shape of the worlds biggest economy.