Dollar jumps to highest level in 7 months

by **Ponee** Sun Nov 08, 2015 7:50 am

Agencies - the dollar index jumped to its highest level in seven months, pushing oil prices lower and stepped up US short bond yields term to the highest level in five years on Friday after strong US data reinforced expectations that the Federal Reserve will raise interest rates in December (December).

The US Labor Department earlier in the day, said that employers added 271 thousand jobs to last month the US economy, the largest increase since December (December) 2014. The unemployment rate fell to 5%, the lowest level since April 2008 and in the scope is Many of the US central bank officials to comply with the full employment.

Jumped dollar index, which measures the US currency's value against a basket of six currencies Riasah- 1.5% to 99.345, its highest level since mid-April, before trimming gains to 1.26% at 99.169 in late trading on the American market.

The euro fell to $ 1.0708, the lowest level since April, before recovering to $ 1.0740 in late New York trade but it remains down 1.47% from its level at the beginning of the meeting.

Against the Japanese currency the dollar climbed to 123.26 yen, its highest level since 21 August. The record in late trading 123.19 yen, up 1.2%.

He jumped and US Treasury yields for two-year to 0.958%, its highest level since May 2010, with growing expectations for a rate hike next month. And increased the standard bond yields for ten years to 2.349%, the highest level in three months.

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