Dollar Index Reaches Three-Year High as Jobs Gain Beats Forecast
The Dollar Index had a positive response to Friday's jobs report from the Labor Department that the economy added 195,000 jobs in June. Advancing 1.4 percent to 84.406, the Index hit its highest level since 2010. The greenback faired well against the currencies of its major trading partners. Policymakers in the Federal Reserve have indicated that the bank may begin to cut down on bond buying if the economy continues on an upward path.
See "Dollar Index Reaches Three-Year High as Jobs Gain Beats Forecast", Joseph Ciolli and Jeff Marshall, Bloomberg News, July 4, 2013