Dollar Extends Gains After Data Show Fall in U.S. Job Cuts -- Market Talk

1153 GMT - The dollar rises to a near 18-month high against a basket of currencies after data showed U.S. job cuts fell in September. U.S. employers announced 43,281 job cuts in September, down 18% from a month ago, according to the Challenger, Gray & Christmas report. It follows a 58% increase in job cuts in August. The data come after Wednesday's better-than-expected U.S. ADP private payrolls report and ahead of Friday's all-important nonfarm payrolls data. "The combination of robust U.S. economic growth, accelerating labor indicators, and elevated sovereign bond yields creates a compelling backdrop for the dollar," XS.com's Simon-Peter Massabni says in a note. The DXY dollar index rises to as high as 101.966, its highest level since April 2025. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

October 01, 2026 07:53 ET (11:53 GMT)