Euro falls after publication of US employment data

The euro declined today against the dollar, after the publication of data on job creation in the United States that leave room for the Federal Reserve (Fed) to further interest rate hikes.

At 6:00 pm (Lisbon time), the euro was trading at 1.0551 dollars, while on Wednesday it was trading at 1.0632 dollars.

The European Central Bank (ECB) set the euro’s reference exchange rate at 1.0601 dollars.

Claims for unemployment benefits in the United States fell last week to 204,000, down 19,000 from the previous week.

Data from the monthly ADP/Stanford Lab survey indicated, on the other hand, that the US private sector created 235,000 jobs in December, more than expected.

Reading these numbers suggests that the labor market remains solid, allowing the US central bank to continue raising interest rates to curb inflation, making dollar investments more attractive.

Foreign exchange…………….yesterday………….Wednesday

Euro/dollar…………1.0551………………1.0632

Euro/pound…………0.88579…………….0.88012

Euro/yen………….140.07………………140.32

Dollar/yen…………132.76………………131.98