The U.S. dollar reached fresh multiyear highs on Friday after a stronger-than-forecast November U.S. jobs report increased expectations the Federal Reserve may begin raising interest rates sooner than previously thought.
Employers added the most workers in nearly three years in November and wages rose, the latest U.S. employment report showed. Nonfarm payrolls increased by 321,000, better than forecasts for an increase of 230,000. The unemployment rate held steady at a six-year low of 5.8 percent.
Earlier this week U.S. central bank officials such as New York Fed President William Dudley and Fed Vice Chairman Stanley Fischer made comments that pointed toward rate increases in response to stronger U.S. economic figures, maintaining a focus on what the data showed.