Stock markets continued to fall on the day after the latest US jobs report showed a stronger-than-expected jobs report that showed the resilience of the labor market, dampening hopes for interest rate cuts next year.
The US dollar index, which measures the US dollar against six major currencies, traded up 042% to trade at 103,937.
The unemployment rate fell to 3.7% in November, compared to forecasts of 3.9%. The economy added 199,000 jobs in November, slightly above expectations of 190,000 from the Dow Jones and an additional 150,000 in October.
However, the decline was somewhat restrained as the data in the monthly jobs report could also support the view that the Fed is steering the US economy towards a soft landing, a steady economic recovery amid declining inflation. Average hourly earnings, seen as a key indicator of inflation, rose as expected in November as the economy added more jobs than in the previous month.
Thursday's sustained claims helped support data points on a slowing but still strong labor market,
