06-03-2022 06:46 PM | Source: Reuters
Dollar extends gains after U.S. job growth beats expectations
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NEW YORK - The U.S. dollar extended its gains on Friday, after data showed U.S. employment increased more than expected in May, while the unemployment rate held steady at 3.6%, signs of a tight labor market that could keep the Federal Reserve going with rate hikes.
The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was up 0.4%.
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