Currency News: Dollar Rebounds On Strong US Jobs Data
The US dollar surged to a 13-year high against the yen on Friday after a strong report from the Labor Department on US jobs data.
The US dollar surged to a 13-year high against the yen on Friday after a strong report from the Labor Department on US jobs data.
The US dollar rose last week, even reaching 12-year highs against the yen, due to remarks from Federal Reserve chair Janet Yellen.
The US dollar remained stronger against the yen and the euro on Monday following the comments from Federal Reserve Chair Janet Yellen last week.
The value of the dollar fell last week for the fifth consecutive week, as the euro reached a three-month high against the greenback.
US currency hawks continue to complain about the artificial devaluation of the Chinese yuan, while the USD has bounced back after the most recent jobs data.