The US dollar climbed by nearly 1% against its major rivals last week, propelled by resilient economic performance and ongoing geopolitical risk.
Data coming out of the US last week did serve to dampen expectations of imminent rate cuts from the Fed. The JOLTs job openings and non-farm payrolls came it hotter than expected, as traders started to pull back on bets that interest rates could be cut as early as March.
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