US Dollar Index Jumps After Strong Payrolls Report
The US dollar index posted its biggest daily gain in seven weeks as nonfarm payrolls beat expectations. The labor data boosted expectations for a Federal Reserve rate hike.
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The United States dollar index jumped 0.63% to 102.12 on Friday following a stronger-than-expected payrolls report. The gain marked the greenback's largest daily percentage increase in seven weeks. The employment data bolstered expectations for further interest rate hikes from the Federal Reserve.
