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Euro climbs against dollar for 3rd straight week
The euro cemented its third straight week of gains against the dollar Friday after a surprisingly weak nonfarm payrolls report. The report helped the euro climb 1% against the dollar in light trading. Stock markets in the U.S. and Europe were closed for Good Friday. Read: Light volume doesn’t skew currency rates on Good Friday The Department of Labor said the U.S. economy added 126,000 jobs in March, missing a consensus forecast for 243,000 from a MarketWatch poll of analysts. The data likely took a June Federal-funds rate increase off the table, and even cast doubt on the a September hike, said Matt Weller, senior ... (full story)
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Everything in life has a "counter". Especially in forex.