The U.S. dollar rose on Friday against all major pairs after a strong U.S. nonfarm payrolls ((NFP)) report was published. The U.S. added 201,000 jobs, but more importantly hourly wages beat expectations in August coming in at 0.4 percent. The market has priced in a rate hike by the U.S. Federal Reserve when the Federal Open Market Committee ((FOMC)) members meet on September 25-26. Next up in the economic calendar are the releases of U.S. inflation and retail sales data.
Fundamentals back the rise of the U.S. dollar, but the jitters triggered by the escalation