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Strong U.S. employment statistics suggests the Federal Reserve will continue to tighten monetary policy, boosting the dollar.
On Thursday, the dollar gained ground as data showed rising labor costs and unemployment claims indicated the U.S. job market was still strong, both of which suggest the Federal Reserve needs to continue increasing interest rates to tame inflation.
As the market anticipates the Fed will...
Ahead of the most recent U.S. jobs reading, Asian stock markets decline
On Friday's Asian stock market action was uneven ahead of U.S. jobs data that could support Federal Reserve plans for larger interest rate increases to curb rising inflation.
Seoul, Tokyo, and Hong Kong all withdrew as Shanghai moved forward. Over $1.50 per barrel was added to the p...