US dollar rips higher after the jobs report (USD)

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, US stock 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.

NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate

See Also:

• 11 photos showing King Abdullah II of Jordan being a total badass
• The Dow just turned positive for the year
• Stocks are surging, oil is rallying, and the US dollar is getting smoked