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Thursday, Mar 28, 2024
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Dollar Weathers Tepid Job Report

The dollar showed resilience on Friday, recovering from an initial slip, after the closely watched U.S. jobs report showed a weaker-than-expected labor market in May.

Although the soft U.S. jobs reading hinted that the Federal Reserve might be more tentative in raising interest rates than previously thought, sentiment for the euro remains so poor that the dollar managed to mainly shrug the U.S. jobs data off, analysts told Reuters.

*For more on this story,


read the full Reuters article.

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