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Dollar Near High; Payrolls Raise Fed Hike Odds

6/8/2026

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Story summary
  • Dollar hovered near a high after nonfarm payrolls added 172,000 jobs.
  • Euro fell to $1.1507, sterling to $1.33165 and Australian and New Zealand dollars to $0.7016 and $0.5779.
  • Traders see over 70% chance of a Federal Reserve (Fed) hike in December, up from 45% a week earlier.
  • Yen weakened to 160.34 dollar, wiping out gains from an 11.7-trillion-yen intervention, Bitcoin up over 1% to $63,093.86 and ether up more than 3% to $1,679.40.