The dollar rose on Friday, moving away from its lowest since the summer against several currencies, boosted by more than expected job creations in the United States, which could push the Fed to continue its policy tightening monetary.
Around 2:15 p.m. GMT (3:15 p.m. in Paris), the greenback took 0.52% to 1.0466 dollars for one euro, moving away from the lowest since June reached at the start of the session at 1.0545 dollars.
The American currency also took 0.13% to 135.50 yen and 0.45% to 1.2192 dollars for one pound.
In November, 263,000 jobs were created in the United States, according to the Labor Department, well above the 200,000 that were expected by analysts.
In October, 284,000 jobs had been created, according to upwardly revised data also released on Friday.
These figures underline the strength of the American labor market, “a positive point in a weakening United States economy”, notes Victoria Scholar, analyst at Interactive Investor.
But Paul Ashworth, analyst at Capital Economics, believes that “this does not change our forecast that inflation will fall faster than the Fed believes, and we still believe that its officials will have to slow the pace of rate hikes. “.
The US Federal Reserve (Fed) has let it be known that after several marked increases of 75 basis points in its key rates, its December meeting could be the occasion to move on to increases of 50 points.
Its fight against inflation indeed seems to be starting to bear fruit: the rise in the PCE consumer price index, favored by the Fed, published on Thursday, slowed in October to 6.0% over one year against 6 .3% in September.
And on Wednesday, Fed boss Jerome Powell said “the time to slow the pace of rate hikes could come as soon as the December meeting,” confirming market expectations.
After a few data-heavy sessions, investors will have fewer releases to sink their teeth into next week as the last monetary policy decisions of the year from the Fed, Wednesday, December 14, and the Central Bank approach. European, Thursday 15 December.
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