Dollar rises after US jobs growth tops expectations
The dollar jumped after August employment showed employers added 162,000 jobs versus 56,000 expected. July saw a 23,000 job decline, and the unemployment rate held at 4.1%.
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12:41:15 PM UTC
SquawkNews
Dollar bounces as US jobs growth beats expectations
12:47:48 PM UTC
SquawkNews
Dollar Rebounds on Stronger-Than-Expected US Jobs Data
12:48:42 PM UTC
SquawkNews
Following stronger-than-expected US August jobs data, markets raised the probability of a Federal Reserve rate hike at the Sept. 16 meeting. LSEG data shows markets now price a 61% chance of a Fed rate increase, versus roughly 50% priced for a hike or no change before the release; US payrolls rose 162,000 in August versus a 53,000 consensus, and July payrolls were revised higher.
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