The US economy added 315 000 jobs in August, data showed, topping the consensus forecast of 300 000 jobs by economists polled by Reuters, and marking the 20th straight month of job growth.
“Non-farm payrolls being mixed was an excuse to book profit in the dollar’s surge to 20-year highs,” said Joe Manimbo, senior market analyst at Convera. Fed funds futures were unchanged after the jobs report and are pricing a 75% chance that the Fed hikes rates by 75 basis points this month, according to Refinitiv data.
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