Jun 04 2018

Dollar Elevated After Upbeat US Job Market Report, Outlook Still Gloomy

The dollar buoyed up on Monday after the release of an upbeat US jobs report, although uncertainty over potential political risks kept the currency’s near-term outlook gloomy. The dollar index stood firm at 94.171 against a basket of currencies.

The sturdy US job growth report helped offset a variety of factors that had weighed on the dollars last week.