US dollar rises on strong jobs data and election results

The US dollar rose by 0.1% on Tuesday to reach 101.86 points, supported by data showing US job openings increased more than expected, as well as the results of the US midterm elections.

The US Department of Labor reported that job openings climbed by 333,000 to 7.523 million in the latest reading, surpassing analysts’ forecasts of 7.1 million.

In contrast, the euro slipped 0.01% to $1.1184, while the British pound fell 0.09%. The dollar gained 0.4% against the Chinese yuan, reaching 6.6765 yuan.

The Australian dollar declined 0.19% to $0.6983, despite the Reserve Bank of Australia raising its benchmark interest rate by a quarter point to 4.85%. The Japanese yen also weakened, dropping 0.34% to 158.46 per dollar.