The dollar strengthened on Friday and is trading around the same levels this morning following a positive Non-Farm Payrolls report.
The report showed that the US economy added 431,000 payrolls in March, below market forecasts of 490,000, but still pointing to a tight labour market. The US’ unemployment rate also fell more than expected to its lowest since February 2020.
This week, several Federal Reserve officials will speak before the FOMC meeting minutes, which will be released on Wednesday. This will unveil more of the thinking surrounding upcoming interest rates and the markets will be listening closely.
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