Economics
If Jobs Gains Are a Guide, Look for More Dollar Friendly Reports
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If the stellar jobs report is any guide of economic strength in May, reports next week may provide more impetus for strength in the dollar.
The U.S. currency jumped to a 13-year high against the yen after a report Friday showed payroll employment grew more than forecast in May and wages rose, bringing forward the chance of a Federal Reserve interest-rate increase to September. Retail sales, producer prices and consumer sentiment are forecast to also show increases before Fed policy makers gather in less than two weeks.