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U.S. Dollar Ticks Higher Amid Fed Rate Hike Expectations Following Nonfarm Payrolls Release

Source: Nasdaq

Monetary PolicyInterest Rates & YieldsEconomic DataEnergy Markets & PricesCurrency & FX

The US dollar edged higher after August nonfarm payrolls came in stronger than expected, lifting expectations for a near-term Federal Reserve rate hike. The move was partially offset by a slide in crude oil prices, tempering broader risk sentiment. Net: the jobs surprise reinforced hawkish rate expectations, supporting USD strength.

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