Dollar Surges as Wage Gain Supports Case for Fed Rate Increases

  • Greenback up from 3-month low versus euro, pares weekly drop
  • U.S. jobless rate declines to eight-year low of 4.9 percent

How Will U.S. Jobs Report Impact Fed Rate Policy?

The dollar rebounded from a three-month low against the euro after a U.S. employment report showed wage growth that exceeded estimates, bolstering the case for the Federal Reserve to continue raising interest rates this year.

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