{"id":399101,"date":"2026-01-10T10:54:07","date_gmt":"2026-01-10T10:54:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/399101\/"},"modified":"2026-01-10T10:54:07","modified_gmt":"2026-01-10T10:54:07","slug":"dollar-set-for-second-straight-weekly-gain-after-us-jobs-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/399101\/","title":{"rendered":"Dollar set for second straight weekly gain after US jobs data"},"content":{"rendered":"

Dollar on track to extend winning streak into fourth dayAnticipated Supreme Court tariff ruling not happening on FridayUS job growth slows in DecemberDollar hits one-year high against Japanese yenNEW YORK, Jan 9 (Reuters) – The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve<\/a> could leave interest rates unchanged later this month.<\/p>\n

The unemployment rate fell to 4.4% last month from a revised 4.5% in November, the U.S. Labor Department reported on Friday, even as employers added 50,000 jobs in the month. Economists polled by Reuters had forecast a gain of 60,000.<\/p>\n

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The latest job market data appears to give the central bank a bit of breathing room to leave short-term borrowing costs where they are, as Federal Reserve Chair Jerome Powell last month signaled policymakers are inclined to do at least in the near term.<\/p>\n

Financial markets had been bracing for a possible Supreme Court decision that could strike down President Donald Trump’s<\/a>sweeping tariffs<\/a>. But the court will now not issue<\/a> that ruling on Friday, though a decision could still come next week.<\/p>\n

The U.S. economy added 50,000 jobs in December, according to Labor Department data released on Friday. That was lower than an estimated increase of 60,000 jobs forecast by economists in a Reuters poll.<\/p>\n

The dollar was up 0.2% to 0.801 against the Swiss franc , headed for the second straight week of gains.<\/p>\n

The dollar index rose 0.25% to 99.13 and was set for the second consecutive week of gains.<\/p>\n

“In real life, the standard error margin for non-farm payrolls is 20,000 and so I don’t think the market is going to pay much attention to this,” said Steve Englander, head of global G10 FX Research at Standard Chartered.<\/p>\n

Fed funds futures are pricing an implied probability of 95% that the central bank holds interest rates at its next two-day meet on January 27 and 28, up from 68% a month ago, the CME Group’s FedWatch tool shows.<\/p>\n

YEN WEAKENSThe Japanese yen weakened following a report<\/a> that Prime Minister Sanae Takaichi is considering calling a snap election for parliament’s lower house in the first half of February.Data showed Japanese household spending, opens new tab<\/a> unexpectedly grew in November from a year earlier, indicating that consumption accelerated before the Bank of Japan lifted its policy rate to a 30-year high in December.<\/p>\n

“(This) means April BoJ hike “could” happen technically (as assumption was spring election = no chance of BoJ move until after event), but equally Takaichi will likely not be happy to see a faster pace than every 6 months either and she’ll win back more power of LDP and be able to shut down internal opposition from hawks more,” said Jordan Rochester, head of fixed incomme, currencies & commodities strategy at Mizuho EMEA.<\/p>\n

The dollar hit a one-year high of 158.185 against the yen . It was last up 0.64% to 157.88 yen, on track for the second straight week of gains.<\/p>\n

In Europe, German exports, opens new tab<\/a> unexpectedly fell in November as shipments to other EU countries and the U.S. dropped, while industrial output rose despite expectations of a decline.<\/p>\n

The euro was down 0.2% at $1.1635, on track for the second straight week of losses against the dollar.<\/p>\n

Meanwhile in China, annual consumer price inflation, opens new tab<\/a> accelerated in December to its highest in almost three years.<\/p>\n

The dollar weakened 0.06% to 6.977 versus the offshore Chinese yuan.<\/p>\n

In other currencies, the pound sterling was down 0.24% to $1.3403, while the Canadian dollar weakened 0.32% versus the greenback to C$1.391 per dollar.<\/p>\n

And the Australian dollar weakened 0.13% versus the greenback to $0.6688. Bitcoin fell 1.05% to $90,247.14.<\/p>\n

Reporting by Chibuike Oguh in New York; Editing by Chizu Nomiyama, Nick Zieminski, Joe Bavier and Diane Craft<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

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Chibuike reports on Breaking News, with a focus on finance and markets. He previously covered U.S. private equity firms, and holds master’s degrees in journalism from New York University and Edinburgh Napier University. <\/p>\n","protected":false},"excerpt":{"rendered":"Dollar on track to extend winning streak into fourth dayAnticipated Supreme Court tariff ruling not happening on FridayUS…\n","protected":false},"author":2,"featured_media":399102,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[182548,3995,184327,183329,183330,190747,190748,183331,28,184370,182530,184990,184988,182540,184437,184596,182539,184989,184329,184325,184400,41240,101,28090,18758,184595,10596,7611,74353,184372,184983,182531,184435,184374,184947,188786,6292,34730,137922,184364,188787,184366,182549,184380,183077,37215,183078,15812,184381,182551,182550,25,37000,183085,184593],"class_list":{"0":"post-399101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-asia","10":"tag-asxpac","11":"tag-bisv","12":"tag-bnk","13":"tag-bnks","14":"tag-bnks1","15":"tag-bsvc","16":"tag-business","17":"tag-cen","18":"tag-cmpny","19":"tag-destmetop","20":"tag-destnoinbsm","21":"tag-destocabsm","22":"tag-destortao","23":"tag-destoukbsm","24":"tag-destousbsm","25":"tag-destozabsm","26":"tag-destseabs","27":"tag-easia","28":"tag-eci","29":"tag-eco","30":"tag-economy","31":"tag-emea","32":"tag-eu","33":"tag-europ","34":"tag-ez","35":"tag-fin","36":"tag-fins","37":"tag-frx","38":"tag-gb","39":"tag-gen","40":"tag-infl","41":"tag-int","42":"tag-intag","43":"tag-ipr","44":"tag-job","45":"tag-jp","46":"tag-mce","47":"tag-mktrep","48":"tag-mplt","49":"tag-mtpix","50":"tag-namer","51":"tag-plcy","52":"tag-pol","53":"tag-potus","54":"tag-publ","55":"tag-rep","56":"tag-stx","57":"tag-topcmb","58":"tag-topnws","59":"tag-us","60":"tag-usd","61":"tag-wash","62":"tag-weu"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/399101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=399101"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/399101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/399102"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=399101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=399101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=399101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}