Dollar gains as blockbuster NFP revives Fed hold outlook

The GBPUSD extended its losses for the second straight day on Friday, trading at 1.3205, down 0.12% after a stellar US nonfarm payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. The Bureau of Labour Statistics (BLS) revealed that the US economy created over 178,000 jobs in March, crushing forecasts of 60,000. Despite the positive reading, February’s print was further downwardly revised to -133,000, but on a positive note, the Unemployment Rate also fell to 4.3%, down from 4.4%. In the meantime, the DXY Dollar Index, which tracks the The post Dollar gains as blockbuster NFP revives Fed hold outlook appeared first on Financial Mirror .

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