Dollar Tumbles Most Since December as Jobs Data Dim Fed Outlook

Updated on
  • U.S. employment growth is slowest in almost six years
  • Reduced chances for U.S. rate hike damps divergence trade

The dollar plunged the most since December against the euro after U.S. jobs growth trailed forecasts, weakening the case for the Federal Reserve to raise interest rates as early as this month.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.