The U.S. dollar climbed higher against its major counterparts on Monday, amid rising possibility of the Federal Reserve holding interest rates higher for longer than previously expected after data showed jobs growth in the U.S. came in stronger than expected in the month of January.
A surge in U.S. service sector activity in the month of January contributed as well to the greenback's uptick.
Last week, the Labor Department's closely watched monthly jobs report said non-farm payroll employment soared by 517,000 jobs in January after surging by an upwardly revised 260,000 jobs in December.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.