The U.S. economy added 196,000 jobs in March, according to government data released Friday, beating economists’ prediction of 175,000 jobs.
“With the most recent payrolls data, the positive, non-inflationary growth story continues for the U.S.,” Jack Chambers from ANZ Research said in a morning note.
U.S. President Donald Trump said Friday that the U.S. economy would climb like “a rocket ship” if the Federal Reserve cut interest rates, following the strong jobs report.
“The Fed remains firm that monetary policy will continue to be set along established, independent lines with the Fed currently data dependent,” Chambers said.
The U.S. dollar index, which measures the greenback against a basket of its peers, traded at 97.377 Monday morning, up from levels near 97.00. Among other currency pairs, the Japanese yen traded at 111.69 to the dollar, weakening from levels near 111.00 in the previous week. The Australian dollar, meanwhile, traded relatively flat at $0.7100.