US Dollar Ends Week Higher After Strong NFP

The US Dollar Index climbed to near 100.10 on Friday, rebounding from a daily low of 99.16, following the release of a stronger-than-expected Nonfarm Payrolls (NFP) report. The US economy added 172,000 jobs in May, well above the 85,000 expected by analysts.

The data reinforced the view that the labor market remains resilient, supporting the case for the Federal Reserve to continue raising interest rates. The greenback's gains erased earlier weakness and pushed it to its highest level of the week.