# Dollar boosted after job growth in March exceeds expectations
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-04-05
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Dollar Boosted after Strong Job Growth in March
Meta Description: Find out why the dollar rallied following the release of strong U.S. job growth data in March, leading to increased nonfarm payrolls and a surge in the dollar index.
URL: https://startupobserver.com/dollar-boosted-after-job-growth-in-march-exceeds-expectations/

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NEW YORK/LONDON (Reuters) -The dollar was up on Friday after data showed that U.S. job growth in March beat expectations, with nonfarm payrolls increasing by 303,000 jobs last month.

The dollar index was last up 0.297% at 104.53. It has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of the Federal Reserve bringing interest rates down.

(Additional reporting by Brigid Riley in Tokyo; Editing by Jamie Freed, David Evans and Chizu Nomiyama)


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