Dollar Jumps After Strong U.S. Payrolls Report
The U.S. dollar index surged and was poised for its biggest daily percentage gain in nearly five months after a stronger-than-expected payrolls report reinforced expectations for a Federal Reserve rate hike next month.
By Chuck MikolajczakThe US dollar index surged on Friday and was poised for its biggest daily percentage gain in nearly five months after a stronger-than-expected US payrolls report solidified expectations for a rate hike from the Federal Reserve next month.The Labor Department said US nonfarm payr…