Dollar rallies after US monthly jobs report

The US dollar rose against most of its rivals on Friday, extending gains after the release of the monthly jobs report.

The US Labor Department revealed that the US economy has added 379,000 jobs during, better than forecasts of adding 197,000 new jobs.

The unemployment rate was at 6.2%, better than forecasts and the previous reading of 6.3%.

The yield of 10-year US Treasury bonds rose to 1.6%, which foreshadows more pressure on stocks.

The US health authorities are intensifying efforts to contain the coronavirus, and have advised citizens to get any available vaccine to prevent the virus.

The dollar index rose against a basket of major currencies by 0.4% to 91.9 points as of 19:05 GMT, after hitting a high of 92.1 points and a low of 91.6 points.