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US dollar slumps as the market puts the focus on softening wage growth
The US dollar is broadly lower and stock futures are jumping after the December non-farm payrolls report.
That's not the reaction you would expect from a headline beat and fall in the unemployment rate to 3.5% from 3.7% but the market is instead focusing on softening wage growth. Average hourly earnings growth slowed to 4.6% y/y from 5.1% and that shoul... Read More
Posted: Jan 6 2023, 13:53
Author Name: forexlive
Views: 110896