September interest rate hike

Week Ahead: Trade Tensions and Strong U.S. Employment Lift Dollar

Week Ahead: Trade Tensions and Strong U.S. Employment Lift Dollar

The U.S. dollar rose on Friday against all major pairs after a strong U.S. nonfarm payrolls report was published.

The U.S. added 201,000 jobs, but more importantly hourly wages beat expectations in August coming in at 0.4 percent. The market has priced in a rate hike by the Fed when Federal Open Market Committee members meet on September 25–26.