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Dollar jumps after strong US payrolls report

Published by The Economic Times · India 2 h ago
Dollar jumps after strong US payrolls report
The Economic Times

Detailed summary

The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts. As a result, the probability of a rate hike from the Federal Reserve climbed to nearly 80% for next month.

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