Treasury yields and dollar rise after stronger U.S. jobs data
U.S. job creation rose to 162,000 in August, beating WSJ consensus of 53,000, lifting Treasury yields and the dollar. July’s jobs data was revised to 21,000 from job destruction. Unemployment held at 4.1%.
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12:51:40 PM UTC
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Treasury Yields, Dollar Rise on Robust U.S. Jobs Data — Market Talk
12:52:30 PM UTC
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Gold Retreats On Big U.S. Payroll Increase — Market Talk
The dollar rises sharply after much-awaited U.S. jobs data showed the economy created many more jobs than expected in August.
This raises the prospect that the Federal Reserve could raise interest rates in the coming months, possibly as early as this month.
U.S. nonfarm payrolls rose by 162,000 las…