Dollar Climbs as U.S. Job Gains Spur Fed Liftoff Speculation
- Greenback gauge rebounds after dropping 1.4 percent Thursday
- Draghi, speaking in New York, says ECB not limited on stimulus
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The dollar rose, rebounding from Thursday’s selloff, after a U.S. employment report bolstered speculation that the Federal Reserve will raise interest rates this month.
The greenback advanced after a report showed U.S. payrolls increased more than forecast. It extended gains after European Central Bank President Mario Draghi said the ECB can deploy more stimulus, if necessary. A gauge of the U.S. currency has risen 8 percent this year as the Fed signaled it was approaching liftoff, in contrast with easing by European policy makers other global central banks.