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U.S. Dollar Index (DXY): Extending Gains Following Jobs Report
The dollar index (DXY) is higher in today’s trading, currently holding near 102.33. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, has risen following Friday’s U.S. nonfarm payroll report, which was mixed but, overall, still supports the case for rate hikes in 2017. U.S. nonfarm payrolls increased 156,000 in December, below consensus estimate for a rise of 175,000. However, there was an upward revision to November, which rose from 178,000 to 204,000. Private sector payrolls increased by 144,000 in December, while November private sector ... (full story)
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ITS ABOUT THE CASH NOTHING ELSE.