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Dollar Bounces on Strong Job Gains

The dollar rose after U.S. employers added 162,000 jobs in August. However, gains were pared as traders looked ahead to upcoming inflation data and a holiday weekend.

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U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration

The dollar rose 0.21% to 99.17 on Friday after United States employers added 162,000 jobs in August, beating forecasts. The stronger labor print boosted bets on a Federal Reserve interest rate hike this month. Traders pared those gains ahead of a long weekend and next week's crucial inflation reports.
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