Penambahan Lapangan Kerja Tak Mampu Dongkrak Dollar AS

US dollar (Photo: dock unsplash)

JAKARTA - The United States (US) dollar weakened at the end of trading Friday, October 6.

The addition of employment in the US is much higher than expected and above the total figure in August of 227,000, it turns out that it cannot boost the US dollar.

The dollar index, which measures the US dollar against six other major currencies, fell 0.28 percent to 106.0454 at the end of trading.

U.S. employment growth peaked in September, increasing by 336,000 positions, according to data released Friday by the Bureau of Labor Statistics.

While September marked job growth for 33 consecutive months in the US, the US Central Bank (Federal Reserve) is trying to slow down the economy and cool the labor market. The US dollar weakened after experiencing a brief increase, reversing its entire daily rise.

JPMorgan chief economist Chase AS Michael Feroli said on Friday that higher-than-expected work reports would not change Federal Reserve's decision to stop rising interest rates in November, but data on a surprising increase in inflation could be a factor prompting central banks to raise interest rates.

"If that happens, efforts to avoid a recession next year will be even more difficult," Feroli wrote in a note on Friday.

Pasar memperkirakan peluang sekitar 68 persen bahwa The Fed akan menghentikan suku bunga pada bulan November, menurut CME FedWatch Tool. Untuk bulan Desember, perkiraan 58 persen The Fed akan melakukan sampa kenaikan suku bunga lagi.

At the end of trading in New York, the euro increased to $1.0591 from $1.0550 in the previous session, and the English pound rose to $1.224 from $1.2194 in the previous session.

The US dollar was at 149.3570 Japanese yen, higher than 148.4060 Japanese yen in the previous session. Japanese Finance Minister Shunichi Suzuki on Friday declined to comment on whether the government had intervened in the market by buying yen to push Japan's currency to stay below 150 against the US dollar earlier this week.

The US dollar fell to 0.9094 Swiss francs from 0.9129 Swiss francs, down to 1.3655 Canadian dollars from 1.3713 Canadian dollars. The US dollar fell to 10.9390 Swedish Krona from 11.0066 Swedish Krona.