Dollar Extends Gains, Hitting Highest Since 2020 After Jobs Beat
- Bloomberg dollar gauge at highest level since July 2020
- U.S. added 678k jobs last month vs median estimate of 423k
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The dollar extended its gains, hitting the highest against the euro in nearly two years, after stronger-than-expected U.S. job growth added momentum to existing haven demand for the currency.
A gauge of the greenback’s strength climbed to a session high after data showed that the U.S. economy added 678,000 jobs last month, compared with a median estimate of 423,000. The index is holding at the highest level since July 2020, with reports of Russian forces shelling a Ukrainian nuclear facility sparking a run to the dollar’s safety earlier in the day.