2023-12-06T07:47:08+00:00
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/ The price of the dollar approached the highest level in two weeks against a basket of currencies, on Wednesday, while investors evaluated US economic data that showed a decline in jobs in the labor market, while they bet that the Federal Reserve (the US central bank) would reduce interest rates next year.
The dollar index, which measures the performance of the US currency against six competing currencies, rose by 0.019% to 103.99, after rising 0.3% overnight. The index also rose 0.5% this month, after falling 3% last November, the largest monthly decline in a year.
Data on Tuesday showed that job opportunities in the United States fell to their lowest levels in more than two and a half years last October, the strongest sign yet that rising interest rates are weakening demand for labor.