Supported by the creation of nearly a million jobs in the United States, the US dollar climbed Friday, especially against the euro, to a peak since early April. This is a sign that the recovery is underway across the Atlantic.

Around 2:50 p.m. GMT, the dollar gained 0.63% against the euro, to 1.1760 dollars for one euro, the highest in four months. Since the start of the week, the dollar has gained more than 1%. The dollar index, which compares the greenback to a basket of other major currencies, rose 0.58% to 92.78 points, a two-week high. In total, 943,000 jobs were created in July, better than expected by a consensus of analysts who expected 925,000, the Labor Department announced on Friday.

A reduction in asset purchases by the Fed and then an increase in key rates, currently planned for 2023 by the Monetary Committee, favor the dollar. As long as the central bank keeps rates low to support the economy, the currency is less attractive to investors. In the United States, several members of the Fed (American Central Bank) felt that it was time to consider tightening their monetary policy to counter rising inflation. The British pound, for its part, was at its highest since the beginning of April against the euro (+0.23% to 84.75 pence).