The US dollar strengthened on Friday following a positive US jobless claims data, escalating hopes for a firm April labor market report.
On Thursday, the unemployment claims report came strongly upbeat, with the moving average dropping to a 15-year low.
The greenback stood at 1.1204 per euro, 0.9239 per Swiss franc, and 0.7862 per Australian dollar. Against the Japanese yen, the dollar traded at ¥119.96.
Following the job growth disappointment last month, “economists are looking for a strong rebound in April,” said Kathy Lien, Managing Director of FX Strategy at BK Asset Management.
The material has been provided by InstaForex Company – www.instaforex.com