The US dollar witnessed in today's trading, a significant increase towards the strongest weekly performance since July due to the decline in early interest rates, which strengthened its strength against other major currencies, before the upcoming US job data was issued today.

 As this recovery in the dollar will face a test and reassessment of the current situation after the issuance of these reports of jobs in non -agricultural sectors.

Note that the data issued by the United States on Thursday had shown that employment in the private sector increased by 164 thousand in December, exceeding the market expectations, an increase of 115 thousand.

In addition, the Ministry of Labor stated that there are 202 thousand requests for the first time to obtain unemployment benefits in the week ending December 30, down from 220,000 in the previous week.

This data shows that the conditions in the American labor market are still strict, which indicates the continued pressure on the monetary policy makers of the Federal Reserve, and the need for continued interest rates high for a long time.

As for the currencies, the yen fell on Friday trading 0.06 percent, after it touched the lowest level in more than two weeks.

The euro has increased in the latest 0.09 percent transactions against the dollar, heading to record a weekly drop of 0.8 percent, and thus has ended a series of gains that had lasted for three weeks.
To the pound sterling, which rose 0.12 percent, but is still heading towards a slight decrease for the week.

*All data provided is intended for educational or informational purposes only and should not be considered investment advice.