- The US dollar gained on the euro and yen on Friday after a lackluster US jobs report that supported a Federal Reserve rate rise later this year but not necessarily this month.
- The US economy pumped out 151,000 net new jobs in August, below the 180,000 expected.
- It was a solid number, and analysts split on whether it was enough for the Fed to act at its meeting later this month.
- Although the data wasn’t as strong as the market had expected, it was pretty much good enough that there is a possibility of a Fed hike in September,” said Boris Schlossberg of BK Asset management.
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