March 2, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Slumped as US Labour Market Remains Tight
US Dollar (USD) Soared on Bolstered Rate Hike Bets
The US Dollar (USD) experienced renewed strength in the wake of stronger-than-expected employment data. A cautious market mood lent considerable strength to the ‘Greenback’ earlier in the session but firmed with the release of initial jobless claims.
The weekly jobless claims declined to 190k against an expected 195k, highlighting the continuously tight labour market. The US Department of Labor (DOL) released the latest figures, and showed the figure remained…
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