US dollar rises on strong non-farm payrolls report

Author: Adam Button | Category: News

Higher yields drive dollar bid

The US dollar is at the best levels of the day in the aftermath of a surprisingly strong non-farm payrolls report.

The dollar moved higher in lockstep with yields. US 10s are up 5.1 bps to 1.615%, breaking last Thursday's spike high.

The gains in the dollar pushed EUR/USD below 1.19 in a break below the February low.
Higher yields drive dollar bid
So far though, the moves aren't running. The initial dollar pops have mostly faded.

The bond market is in charge at the moment though.

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