The dollar index fell to below 96 on Friday, before bouncing back to 96.2 as investors digest the latest payrolls report. The US economy added just 210 thousand jobs in November, the least since a payroll decline in December 2020 and well below market expectations of 550 thousand but the unemployment rate fell by more than expected to 4.2%, the lowest since February 2020 even though the labour force participation rate climbed to its highest since March 2020. The employment report come days after Federal Reserve Chair Jerome Powell indicated the US central bank would consider speeding up the winding down of its massive bond purchases at its next meeting.
Historically, the United States Dollar reached an all time high of 164.72 in February of 1985. United States Dollar - data, forecasts, historical chart - was last updated on December of 2021.
The United States Dollar is expected to trade at 96.06 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 97.33 in 12 months time.