LONDON – Dollar Rises And Attention On The US Jobs Report; The dollar rose on Friday ahead of US jobs report, which may boost expectations that the Federal Reserve raises (US central bank) interest rates this year for the first time in about ten years.
Since the Fed refrained from raising interest rates in September, the dollar rose 2.5 percent against the basket of major currencies while keeping Janet Yellen President of the Council and other policy-makers on the chances of a rate hike later this year.
The dollar index rose 0.2 percent on Friday to 96.287. The Euro fell 0.3 percent to $1.1160.
Thus, the Euro tends to decline for the third consecutive week against the dollar in the worst losses in his eight months of his Speculation that the European Central Bank will expand in its bond buying program the $ trillion Euros and the return of risk appetite.