Forex Top Story

U.S. Dollar Advances As June Rate Cut Hopes Fade After Strong Jobs Data

The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve.

Data from the Labor Department showed that non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised 270,000 jobs in February.

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by RTTNews Staff Writer

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