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Dollar jumps after strong US payrolls report

Source: Economic Times · Nov 07, 2026 04:11 UTC

The Quick Take

The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts. As a result, the probability of a rate hike from the Federal Reserve climbed to nearly 80% for next month. Moreover, Federal Reserve officials voiced concerns about ongoing inflation, leading to declines for other currencies s

Read the full story at Economic Times →

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