Dollar jumps on August job gains, then pares ahead of CPI
The dollar jumped after U.S. employers added 162,000 jobs in August, above the 56,000 expected. It pared gains as traders looked ahead to next week’s CPI release.
By Karen BrettellThe dollar jumped on Friday after data showed that U.S. employers added 162,000 jobs in August, well above the 56,000 additions expected by economists, boosting bets on a September Federal Reserve interest rate hike, but then pared much of the gains as traders waited on next week's…