The data on Friday showed employers added 236,000 jobs while the unemployment rate fell to 3.5 per cent.Īlgorithms trading currencies based on the difference between European and U.S. Strong jobs data for March have added to expectations that the US central bank will complete one more rate hike. Markets are also pricing for the Fed to cut rates by year-end on an expected recession, though Fed officials have stressed the need to keep rates high in order to bring down inflation. The US Fed is seen as likely to hike rates by an additional 25 basis points at its May 2-3 meeting, before pausing in June. The dollar was last up 0.08 per cent against the Japanese currency at 133.73.Ĭonsumer price data on Wednesday is expected to show headline inflation rose by 0.2 per cent in March, while core inflation rose 0.4 per cent. The dollar edged higher against the yen, after jumping on Monday as Bank of Japan Governor Kazuo Ueda signaled no hurry to dial back its massive stimulus. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.During the day, the rupee witnessed a high of 81.96 and a low of 82.15 against the greenback. First Rate Exchange Services Ltd, a company registered in England and Wales with number 4287490 whose registered office is Great West House, Great West Road, Brentford, TW8 9DF, (Financial Services Register No. Post Office Travel Money Card is an electronic money product issued by First Rate Exchange Services Ltd pursuant to license by Mastercard International. Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ.įind out more information by reading the Post Office Travel Money Card's terms and conditions. Post Office Limited is registered in England and Wales. Post Office and the Post Office logo are registered trademarks of Post Office Limited. Post Office Travel Money is provided by First Rate Exchange Services.

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