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The dollar is strengthening on the back of a strong US labor market. Oil continues to fall

The dollar is strengthening on the back of a strong US labor market. Oil continues to fall
By JustMarkets Friday’s US jobs report caused investors to revise their expectations of how hawkish the Fed might be in its efforts to rein in inflation. Nonfarm payrolls showed 517K (forecast 190K, previous 223K). The unemployment rate fell to 3.4% (forecast 3.6%, previous 3.5%). Very strong labor market data leaves the US Fed with more leeway to keep raising rates. Investors are […]... Read More
Posted: Feb 6 2023, 13:07
Author Name: investmacro
Views: 102176

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