The U.S. dollar climbed higher in the New York session on Friday after data showing a stronger than expected growth in non-farm payroll employment dashed hopes of early interest rate cuts by the Federal Reserve.
The dollar pared some of its gains as the day progressed but still managed to score over a few of its major counterparts.
Data from the Labor Department showed that non-farm payroll employment increased by 303,000 jobs in March after rising by a downwardly revised 270,000 jobs in February. Economists had expected employment to jump by 200,000 jobs compared to the addition of 275,000 jobs originally reported for the previous month.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.