Jobs Data Bets Leave The Dollar Stronger – 6 October, 2022

A bet of solid job data by investors left the dollar stronger, with hopes that the news will keep the world’s biggest central bank on its aggressive tightening path to tame inflation. The rising greenback pushed the pound and the euro off their intra-week highs in early Asia trade, which also saw a break of 145 per dollar again for the Japanese yen. Sterling was off 0.09% to $1.1150, away from a high of $1.1493 hit earlier in the week. The U.S. dollar index was up 0.04% at 112.29, after rising nearly 1% overnight and away from a low of 110.05 hit earlier in the week. The yen last bought 145.04 per dollar, close to its 24-year low of 145.90 hit last month. The kiwi was up 0.04% to $0.5657, on track for its first weekly gain since August. The Aussie traded 0.05% higher at $0.6414.