Dollar Rises as Strong Jobs Report Eases Labor Market Fears

The dollar index climbed above 97.3 after a stronger-than-expected June jobs report helped ease concerns over the health of the US labor market, despite lingering uncertainty surrounding trade policy.

The US economy added 147,000 jobs in June, up from 144,000 in May and well above market forecasts of 110,000.

Meanwhile, the unemployment rate unexpectedly dipped to 4.1%, defying expectations of a rise to 4.3%.

Average hourly earnings increased by 0.2%, slightly below the projected 0.3%.