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Dollar bounces on job gains, then pares ahead of CPI
The U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has led to heightened expectations for a Federal Reserve rate increase in September. However, the dollar softened slightly as traders now focus on looming inflation reports. Wages saw a year-over-year uptick of 3.1%, the weakest growth since June 2021, while the yen appreciated against the dollar throughout the week.
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economictimes.indiatimes.com
Yen headed for strongest week in a month, dollar flat ahead of payroll data
This week, the Japanese yen appreciated considerably against the US dollar, as traders are anticipating a potential interest rate hike from the Bank of Japan. Meanwhile, the…
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abcnews.com
Hiring blew past expectations in August, jobs report shows
A jobs report on Friday provided a key gauge of the U.S. economy as shoppers weather elevated inflation and central bankers weigh a possible interest rate hike.
