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The Economic Times
The Economic Times

Dollar firms after strong US jobs data, pushes yen through 160 level

United States Iran Hezbollah US Federal Reserve

The dollar was higher on Friday and set for a more than 1% weekly gain after the U.S. economy posted another month of strong employment gains in May.

Nonfarm payrolls increased by 172,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by Reuters had forecast payrolls increasing by 85,000 jobs after a previously reported 115,000 rise in April.

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