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Dollar Surges as Strong US Payrolls Bolster Fed Rate Hike Odds

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The Story

News Summary

  • US August nonfarm payrolls surged by 162,000, beating expectations and lifting Fed rate hike odds to 60%.
  • The strong data rallied the dollar, pressuring EUR/USD amid weak Eurozone retail sales and boosting USD/JPY following disappointing Japanese household spending.
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EURUSD price history

1.15 -0.86% over the displayed period

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