Dollar Reaches Two-Month High as Traders Increase Bets on Federal Reserve Rate Hike
The U.S. dollar reached a two-month high following an unexpected surge in nonfarm payrolls, increasing traders' expectations of a Fed rate hike later this year. The euro and other major currencies fell to multi-week lows against the dollar.
Topics: Fed rate hike expectations global energy crisis nonfarm payrolls report U.S. dollar