Dollar Hits 4-Week Peak on Resilient US Jobs Market

Dollar Hits 4-Week Peak on Resilient US Jobs Market
A street-side currency vendor holds U.S. dollars at Ferdowsi Square in Tehran, Iran, on Nov. 14, 2021. (Majid Asgaripour/WANA (West Asia News Agency) via Reuters)
Reuters
Updated:

LONDON—The dollar rose to an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could mean the Federal Reserve keeps hiking interest rates aggressively.

The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43 percent in December, data on Thursday showed.