The dollar closed yesterday at an average of $3,774.98, which represents an increase of $18.95 compared to the Representative Market Rate (TRM) of $3,756.03 for the day.
The main reasons were that the US added close to half a million jobs in March and the unemployment rate fell more than expected, underscoring a strong labor market that is likely to support an aggressive tightening of the economy. Federal Reserve in the coming months.
The rate fell to 3.6%, near its pre-pandemic low, and the labor force participation rate rose as wage increases accelerated.
In fact, the opening price was $3,795, while the high was $3,797.95 and the lowest was $3,746. During the day, $1,210 million was negotiated with 1,918 transactions.
“Although the jobs report was a little softer than expected, it still paints a picture of a warm job market. “The last remnants of Covid-19 are about to be completely erased from US economic data. The unemployment rate is just slightly above pre-pandemic levels.”
However, investors and the financial landscape are baffled by what could happen in Ukraine, coupled with Ukraine’s isolation. Russia. Proof of this is that commodities are the only key asset class to have made significant gains so far in 2022.
In parallel, world stock markets, which could not reach a happy conclusion in the face of the uncertainty of the peace talks, closed the first quarter with their first loss since the bear market recorded during the pandemic period.
WTI crude fell 0.92% to $99.38 per barrel, while European Brent crude fell 0.29% to $104.44 per barrel.
Source: Lare Publica
