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The Economic Times
The Economic Times
Business

Dollar bounces on job gains, then pares ahead of CPI

The dollar jumped on Friday after data showed that U.S. employers added 162,000 jobs in ​August, well above the 56,000 additions expected by ​economists, boosting bets on a September Federal Reserve interest rate hike.

The dollar gave up some ​of its early gains, however, as U.S. markets head into a three-day holiday weekend and as traders waited on next week's inflation data. Labor Day on Monday is a U.S. public holiday.

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