Dollar jumps after strong US payrolls report
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. Moreover, Federal Reserve officials voiced concerns about ongoing inflation, leading to declines for other currencies such as the euro and sterling against the dollar.
Description from Times of India.
Who is covering this
-
Dollar jumps after strong US payrolls report
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...
Related stories
Three ways the interest rate rise could affect you
Kevin Warsh Says Politics Had ‘No Role’ As Fed Leaves Rates Unchanged
Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year
White House Delays Hearing on Fed Governor
Fed policymakers consider rate hike after strong jobs report
Comments
Comments need JavaScript.