(Bloomberg) -- The dollar rose to a more than three-
month high against the yen as a government report showed U.S.
employers added more jobs last month than economists forecast.
The U.S. currency strengthened on speculation the data may
reduce the likelihood of a cut in borrowing costs by the Federal
Reserve. The central bank said in minutes of its May 9 meeting
released this week that it still expects a pickup in the economy
this year and views inflation as its main concern.
Read more at Bloomberg Currencies News
month high against the yen as a government report showed U.S.
employers added more jobs last month than economists forecast.
The U.S. currency strengthened on speculation the data may
reduce the likelihood of a cut in borrowing costs by the Federal
Reserve. The central bank said in minutes of its May 9 meeting
released this week that it still expects a pickup in the economy
this year and views inflation as its main concern.
Read more at Bloomberg Currencies News
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