US dollar bounces back as strong jobs data backs Fed rate-cut pause
The U.S. dollar rallied across the board on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.
Strong US jobs report sends stocks sliding, dollar rising
Wall Street stocks slumped and the dollar climbed on Friday as a robust US jobs report dimmed hopes of further interest rate cuts.
America’s Roundup: Dollar rises after stronger-than-expected US. jobs data ,Wall Street ends lower,Gold rebound, Oil prices rally 3%
Market Roundup US Average Hourly Earnings (YoY) (Dec) 3.9%, 4.0% forecast, 4.0% previous US Average Weekly Hours (Dec) 34.3, 34.3 forecast, 34.3 previous US Government Payrolls (Dec) 33.0K, 30.0K previous
US dollar rebounds after strong jobs data
The dollar rallied on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.
Dollar Rallies to a 2-Year High on Reduced Fed Rate Cut Expectations
Friday rose by +0.44% and posted a 2-year high. Friday’s stronger-than-expected US Dec payroll report pushed bond yields higher and boosted the dollar as unexpected signs of strength in the labor market reduced the chances of Fed rate cuts.
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