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Barchart
Barchart
Rich Asplund

Dollar Jumps on a Hot US Payrolls Report

The dollar index (DXY00) this morning is up by +0.48%.  The dollar is moving higher today after US nonfarm payrolls rose more than expected, bolstering expectations that the Fed will be in no hurry to lower interest rates.  Higher T-note yields today are also supportive of the dollar.  Today, strength in equities is curbing liquidity demand for the dollar. 

US Mar nonfarm payrolls rose +303,000, stronger than expectations of +214,000 and the biggest increase in 10 months.  The Mar unemployment rate fell -0.1 to 3.8%, right on expectations.

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