FOREX-Dollar advances against peers following stronger-than-expected jobs data
By Chibuike Oguh
NEW YORK, July 3 (Reuters) - The U.S. dollar advanced against major currency pairs including the yen, euro and Swiss franc on Thursday after data showed that the U.S. economy created more jobs than analysts estimated, signaling that the Federal Reserve might take longer to cut interest rates.
The dollar strengthened 0.77% to 144.78 JPY=EBS and was up 0.58% to 0.797 against the Swiss franc CHF=EBS. The euro EUR=EBS weakened 0.47% at $1.1743 against the dollar.
The rise in the greenback following the data was accompanied by a rise in U.S. Treasury yields. The 2-year note US2YT=RR yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 8.9 basis points to 3.88%. The yield on benchmark U.S. 10-year notes US10YT=RR rose 4.9 basis points to 4.342%.
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