US dollar rips higher after the jobs report

The January jobs report was a beat.

Nonfarm payrolls grew by 257,000 in the first month of 2015, while wage growth topped expectations.

The unemployment rate ticked slightly higher in January, but still remains at levels not seen since July 2008.

Following this report, Dow Futures were higher, and the US dollar was ripping higher.

Dow futures were up about 69 points, S&P 500 futures were up 7 points, and Nasdaq futures were up 11 points.

The dollar was about 0.8% stronger against other major currencies.

Here’s the huge spike in the dollar on Friday morning.

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