Dollar edges higher after larger-than-expected rise in May payrolls
The U.S. dollar edged higher in choppy trading on Friday after May’s non-farm payrolls report showed employment surged but a jump in unemployment rate capped the gains. The report showed that payrolls in the public and private sector increased by 339,000 in May, surging past expectations. Economists polled by Reuters expected non-farm payrolls to have increased by 190,000 in May, from April’s 253,000 rise. Despite strong hiring, the unemployment rate rose to 3.7% from a 53-year low of 3.4% in April. The dollar index , which measures the U.S. currency ...
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