Hot Now
TOKYO: The dollar extended its post-payrolls gains on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.
The dollar index ticked up 0.1 percent to 97.144, after having climbed 0.6 percent on Friday thanks to an upbeat non-farm payrolls report.
While the headline employment gain of 151,000 undershot expectations, details were encouraging including a 0.5 percent jump in average hourly earnings - the biggest gain in a year. The jobless rate dipped to an 8-year low of 4.9 percent.
"This provides further evidence of the nascent improvement in wages growth, with some solid increases coming through in the past six months," analysts at ANZ wrote in a note to clients.
"The evidence is increasingly pointing towards a more resilient consumer, with falling unemployment and rising wages. A continuation of these themes would likely help quell fears over U.S. growth prospects."
The euro traded at $1.1131, having retreated from a three-month peak of $1.1250 touched on Friday.
Against the yen, the greenback rebounded 0.5 percent to 117.38, from Friday's 2-1/2 week trough of 116.285.
Systems Limited, IT and IT-enabled services provider, hosted US Ambassador to Pakistan Donald Blome on May 3, 2024....
The logo of the Telenor Microfinance Bank . — temenos websiteKARACHI: Telenor Microfinance Bank reported a strong...
Chief Executive TDAP Mr. Zubair Motiwala met with HE Dr. Bakheet Ateeq Al-Remaiti, Consul General of UAE, in Karachi...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,400 per...
A person walks by a sign advertising employment at a fast-food restaurant in New York City. — AFP FileWASHINGTON:...
This picture taken on January 30, 2023 shows residents buying vegetable at a market in Karachi. — AFP/FileLAHORE:...