The payrolls figures gave the dollar a further lift as investors speculated over whether the run of positive U.S. economic news may prompt the Federal Reserve to bring an end to its super-loose monetary policy sooner than previously thought. Looser monetary policy tends to weaken a currency.Such expectations were also evident in the rise in the U.S. Treasury yields in the wake of the figures. The yield on the country's benchmark 10-year bond was up 0.06 percentage points at 2.06 percent.
Asia Stocks Up As US Jobs, China Exports Improve
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts