US Dollar tumbles linked to disappointing jobs data

April 6, 2015 5:18 PM

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The US dollar dropped further on Monday as it continues to face the carry-over effects of a depressing jobs report from Friday, questioning the timing for the potential interest rate hike.

The rising expectations over the interest rate increase by the US Federal Reserve sometime later this year have fueled the greenback’s rally since middle of 2014. Higher rate of interest will keep dollar-denominated assets at a yield advantage against the basket of currencies, including yen and euro...

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