Dollar Gyrates as Jobs Report Gives Fed Complex Economic Message

July 8, 2016 6:55 PM

26 0

The dollar swung between gains and losses after a report showed U.S. June jobs growth exceeded forecasts while the unemployment rate moved up and wage increases slowed.

The U.S. currency headed for a weekly advance versus the euro on speculation the 287,000 increase in jobs last month gives the Federal Reserve added scope to raise interest rates. Futures repriced, signaling that traders see a 23 percent probability the central bank will raise interest rates by year...

Also read: Powell Says Solid Economy Supports Further Fed Rate Increases

Read more

To category page