14:51 GMT +316 December 2018
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    US Dollar Rises as Wages Grow at Highest Rate Since 2009

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    The US dollar rose against other currencies early on Monday following news of strong wage growth in the country.

    MOSCOW (Sputnik) — The US Dollar Index, measuring the currency's value against six other major currencies, was up around 0.15 percent and stood at 102.360 as of 07:00 AM GMT.

    The dollar was up 0.32 percent against the yen, trading at 117.39 yen per dollar. The US-euro exchange rate was largely unchanged, while the US currency appreciated some 0.85 percent against the UK pound, trading at a spot exchange rate of almost $1.22 by 07:00 AM GMT. The rally sent the pound further down in what has been a nearly constant fall since Brexit.

    On Friday, US Labor Department data showed the best labor market figures since the recession of 2008-2009, indicating significant a year-end employment gain of over 2 million and a 2.9-percent year-on-year wage rise in December. The monthly rise amounted to 0.38 percent, above the previously expected 0.3 percent.

    Tags:
    wages, currency exchange, US dollar, US Labor Department, United States
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