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U.S. Dollar Surges to 3-Month High as Nonfarm Payrolls Beat Expectations, Up 0.6% This Week

2026-06-05 13:43:41

According to Jin10 and Citi strategist Noah Buffam, U.S. nonfarm employment grew stronger than expected on June 5, lifting the dollar index to its strongest weekly gains since April 8. The dollar index rose 0.6% this week, marking its largest weekly advance in three months. Unemployment remained stable, reinforcing market expectations for potential Fed rate actions. "This creates a favorable environment for dollar strength," Buffam said, "the data demonstrates American exceptionalism has held up, with economic recovery despite inflation remaining above target."

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Comment

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GateUser-ea22d407

· 2h ago

Buy the dip 😎

View OriginalReply0