Wed, 30 Nov 2022

U.S. dollar soars ahead of key economic data

Xinhua
07 Oct 2022, 06:05 GMT+10

NEW YORK, Oct. 6 (Xinhua) -- The U.S. dollar appreciated markedly in late trading on Thursday, as market participants awaited a slew of key data.

The dollar index, which measures the greenback against six major peers, surged 1.07 percent to 112.2590.

In late New York trading, the euro fell to 0.9798 U.S. dollars from 0.9895 dollars in the previous session, and the British pound decreased to 1.1151 U.S. dollars from 1.1344 dollars in the previous session. The Australian dollar fell to 0.6408 U.S. dollars from 0.6507 U.S. dollars.

The U.S. dollar bought 145.05 Japanese yen, higher than 144.47 Japanese yen of the previous session. The U.S. dollar rose to 0.9905 Swiss francs from 0.9825 Swiss francs, and it rose to 1.3751 Canadian dollars from 1.3602 Canadian dollars.

The above moves came as traders are looking to September U.S. jobs data slated for release on Friday, along with the monthly consumer price index due next week.

"With the current market backdrop remaining uncertain, the U.S. dollar and Swiss franc look set to benefit from safe-haven demand," UBS analysts said in a note Thursday.

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