The U.S. dollar climbed higher Friday morning after data showed employment in the U.S. surged by much more than expected in the month of September. However, the currency retreated quickly and turned in a mixed performance against its major counterparts.
The Labor Department data also showed the annual rate of wage growth edged down in August, easing concerns about the outlook for interest rates.
Traders now await next week's data on inflation, and the minutes from the Federal Reserve's latest policy meeting, for clues about the outlook for interest rates.
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Forex News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.