Dollar rises after U.S. jobs data

U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK – The dollar strengthened on Friday after data showed an increase in jobs in the world’s largest economy last month, suggesting the Federal Reserve may have to raise interest rates next month.

The dollar index rose by 0.3% to 102.16 after the U.S. non-farm payrolls data. Against the yen, the dollar was up 0.4% at 132.21 yen while the euro was 0.2% weaker at $1.0894.