The dollar weakened against a basket of currencies on Friday due to a sharp drop in US government bond yields due to coronavirus worries.
Non-Farm Payrolls beat expectations by a mile, coming in at 273,000, the same as the previous reading and above predictions of 175,000. In February, the biggest job gains occurred in health care and social assistance, food services, government, construction, professional and technical services, and financial activities.
Figures also showed that the US trade deficit narrowed to $45.3 billion in January, compared to expectations of $46.1 billion.
This week, we’ll see core inflation rate and consumer sentiment figures.
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