Dollar Declines As Fed Tightening Prospects Recede After U.S. Jobs Data
The U.S. dollar fell against its major counterparts in the European session on Friday, as an unexpected rise in the nation’s jobless rate for June reduced hopes for an early monetary policy tightening by the Federal Reserve. Data from the Labor Department showed that non-farm payroll employment spiked by 850,000 jobs in June after surging by an upwardly…
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