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Dollar boosted after job growth in March exceeds expectations
Dollar boosted after job growth in March exceeds expectations
By Hannah Lang and Amanda Cooper
NEW YORK/LONDON (Reuters) -The dollar was up on Friday after data showed that U.S. job growth in March beat expectations, with nonfarm payrolls increasing by 303,000 jobs last month.
The dollar index was last up 0.297% at 104.53. It has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of the Federal Reserve bringing interest rates down.
(Additional reporting by Brigid Riley in Tokyo; Editing by Jamie Freed, David Evans and Chizu Nomiyama)
Frequently Asked Questions about Dollar boosted after job growth in March exceeds expectations
1What is GDP?
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.
2What is monetary policy?
Monetary policy involves the actions taken by a country's central bank to control the money supply and interest rates, influencing economic activity, inflation, and employment levels.
3What are financial markets?
Financial markets are platforms where buyers and sellers engage in the trading of financial assets such as stocks, bonds, currencies, and derivatives, facilitating capital flow and investment.
