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US Dollar Setback Can Extend on 'Confusing' Jobs Report

From poundsterlinglive.com

The odds of a June interest rate hike remain low as the latest U.S. jobs report will give the Federal Reserve reason to pause and suggests the Dollar's recent setback can extend. The headline non-farm payroll report smashed expectations at 339K against the 180K expected, surpassing April's upwardly revised 294K. This would have elicited a strong upside Dollar reaction in the months gone by as it suggested the Fed had more work to do to cool the economy and inflation. But there are some confusing developments for investors as the household survey revealed an unexpected rise in the unemployment rate to 3.7% from 3.4% ... (full story)

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  • Category: Fundamental Analysis