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Cross-Currents Slowing the USD Rise

Cross-Currents Slowing the USD Rise

5 Years ago | April 05, 2015 00:00:00

by John M. Bland

Markets were blindsided by weaker than expected March U.S. jobs data in a holiday-shortened session Friday. Street estimates had been for an increase in employment in the month of about 250,000 jobs, but there was a gain of only 126,000 and an unemployment rate of 5.50%. Economists also indicate that the "internals" of the data were weak as well. Many have been using monthly gains of 200,000 in jobs as a yardstick for acceptable economic growth. The dollar fell on the news as the data calls into question an early hike in U.S. interest rates.

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