The dollar advanced against the currencies of six major U.S. trading partners as a government report showed employers eliminated fewer jobs in July than economists forecast.
The yen dropped against all of its major counterparts as the payroll report indicated a recovery in the world’s largest economy, encouraging Japanese investors to buy higher-yielding assets overseas. U.S. Treasury yields rose, making U.S. assets more attractive to international investors , Bloomberg reports.
However, recent upbeat releases earlier this week on housing and manufacturing also helped the greenback, they added. And U.S. stock futures point to a higher opening on Wall Street ,Reuters reports.
The greenback bought 96.37 yen, from 95.59 late Thursday. The report also said the unemployment rate unexpectedly fell to 9.4% from 9.5% in June. Economists surveyed by MarketWatch predicted payrolls would fall by 275,000 and saw a 9.7% unemployment rate , MarketWatch reports.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America