Dollar Extends Gains After Data Show Fall in U.S. Job Cuts -- Market Talk
Dow Jones2026/10/01 11:531153 GMT - The dollar rises to a near 18-month high against a basket of currencies after data showed U.S. job cuts fell in September. U.S. employers announced 43,281 job cuts in September, down 18% from a month ago, according to the Challenger, Gray & Christmas report. It follows a 58% increase in job cuts in August. The data come after Wednesday's better-than-expected U.S. ADP private payrolls report and ahead of Friday's all-important nonfarm payrolls data. "The combination of robust U.S. economic growth, accelerating labor indicators, and elevated sovereign bond yields creates a compelling backdrop for the dollar," XS.com's Simon-Peter Massabni says in a note. The DXY dollar index rises to as high as 101.966, its highest level since April 2025. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 01, 2026 07:53 ET (11:53 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed’s Logan Turns Hawkish: Another 50 Basis Points Rate Hike May Be Needed, But Bond Market May Have Already Tightened
Dallas Federal Reserve President Lorie Logan stated that the Federal Reserve must continue raising interest rates to fully suppress inflation, and suggested that the rise in U.S. Treasury yields could also help slow down the economy.
Crypto prices
More
