The dollar held steady at a one-year high against its major peers in early trading on Thursday, heading for a fifth straight day of gains, supported by higher yields and Donald Trump's victory in the U.S. presidential election.
The dollar rose above 156 yen for the first time since July. The euro fell to its lowest level since November 2023 at $1.0546 and sterling fell to its lowest level against the dollar in three months at $1.2683.
Higher tariffs and tighter immigration rules under President-elect Trump are expected to boost inflation, which could slow the Federal Reserve's rate-cutting cycle.
Edison Research predicted on Wednesday that Trump's Republican Party would control both houses of Congress, giving him broad authority to push his agenda.
Bitcoin surged to a new record high of $93,480 last night. Trump has vowed to make the United States the cryptocurrency capital of the planet.
The dollar index, which measures the currency against six major currencies including the euro and the yen, rose 0.2 percent to 106.69, its highest level since early November 2023, according to Reuters data.
The Australian dollar fell to a three-month low after the jobs data, touching $0.6464.
The New Zealand dollar fell 0.4 percent to $0.5859.
