Photographer: Tomohiro Ohsumi/Bloomberg

Dollar Succumbs to Emerging-Market Peers as Oil Whipsawed at $45

  • Payrolls report continues to reverberate on U.S. holiday
  • Saudi energy minister says no need to freeze output now

The dollar weakened and developing-nation currencies rose after U.S. jobs data damped speculation that the Federal Reserve will raise interest rates this month. Oil surged, then pared gains as Saudi Arabia’s energy minister released details of talks with Russia.

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