The world's reserve currency pushed higher on Friday in the aftermath of the release of strong U.S. labor market data, the latest indication about the strong recovery of the globe's largest economy, according to Reuters.
But investors and analysts also kept a close eye on ongoing strife in Ukraine between the nation's security forces and Russia. The U.S. economy grew by roughly 288,000 jobs last month, pushing past forecasts for expansion by 210,000 jobs.
"On the face of it, these numbers are definitely good and a confirmation that all the weather-related distortions are a thing of the past," portfolio manager Ian Gunner with Altana Hard Currency Fund told the wire service on Friday. "But I would wait for another month of solid job gains to see if this is really a one-off or a trend."
The information about stronger growth comes after the U.S. Federal Reserve moved forward this past week with its fourth-straight reduction of monetary stimulus.
Bloomberg reports the U.S. unemployment rate dropped to its lowest level since the end of the third quarter of 2008.
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