The US dollar rises after strong jobs data

The US dollar rose today after the jobs report showed that the US economy added 339,000 jobs in May. The euro fell against the US dollar by 0.45%, to $1.07135, while the pound rose against the dollar by 0.8%.

The main dollar index, which measures the performance of the US currency against 6 major currencies, rose 0.435% to 103.980, but the dollar fell over the course of the week by 0.2%, its largest weekly decline since early May.

Fitch Ratings said the US credit rating of “AAA” would remain on negative watch despite the debt limit agreement, citing the frequent political standoffs and the last-minute suspension of the cap before the deadline.