Posted 12/11/2023, 5:30:00 AM
US Job Growth Beats Expectations in October, Dollar Strengthens on Economic Optimism
- US economy added 199,000 jobs in October, beating forecasts and lowering unemployment rate
- Wage growth and job numbers lift US yields and strengthen the Dollar against major currencies
- Dollar Index rose to 103.95, USD/JPY hit 145.00, Euro and Sterling slid
- Global stocks edge up on positive jobs data, risk assets rally
- Busy week ahead for economic data including CPI, trade numbers, and central bank meetings