Dollar Climbs as Job Gains Bolster Case for Fed Rate Increase

Updated on
  • Greenback reaches 1-week high against euro, rises versus yen
  • Divergence play is back in currencies: Charles Schwab & Co.

U.S. Adds 255,000 Jobs in July, Jobless Rate at 4.9%

The dollar rose, touching its strongest in more than a week against the euro, after a report on U.S. job growth for July bolstered bets that the Federal Reserve will raise interest rates as soon as this year.

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