
The US dollar strengthened following the release of robust jobs data, which supported the Federal Reserve's decision to pause rate cuts. The non-farm payroll (NFP) data indicated strong performance across multiple measures, leading to a rebound in the dollar. The British pound, in contrast, experienced a decline. The Canadian dollar also reversed a recent losing streak, buoyed by the positive jobs figures. Additionally, the performance of cryptocurrencies was mixed, with Bitcoin increasing by 1.03% and Ethereum by 0.72%, while Solana saw a slight decrease of 0.12%. Overall, the market reacted positively to the employment report, with yields rising alongside the dollar's gains.
Forexlive Americas FX news wrap 10 Jan: Strong US jobs sends the USD & yields higher. https://t.co/0iW07cHmFk
Canadian dollar snaps weekly losing streak after jobs gain https://t.co/AF4ONz6wAb via @Reuters https://t.co/gAOJygw0Sb
US dollar firms as strong jobs data supports Fed easing pause https://t.co/2bLJm5rc88 via @Reuters https://t.co/AhBJtTs0Pr




