The dollar index, which measures the greenback against a basket of other G-1o currencies, is up 0.91% to 93.64 at 10:15 a.m. ET.
US employers added 209,000 jobs on net, while the unemployment rate returned to a 16-year low of 4.3%, according to the Labour Department’s report.
The greenback has fallen nearly 8% since inauguration day in January as President Donald Trump’s agenda to reform healthcare and tax policy stalled. Also, economic growth has picked up globally.
Still, the weaker dollar has been a boost for the profits of US companies that sell products internationally. Second-quarter earnings for S&P 500 companies are on track for a second-straight period of growth, according to FactSet.
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