The dollar and bond yields rose after stronger than expected growth in March U.S. payrolls, potentially delaying rate cuts by the Federal Reserve.
LONDON, April 5 - The dollar and bond yields rose on Friday after much stronger than expected growth in March U.S. payrolls sent investors scurrying to review their bets on when the Federal Reserve will cut interest rates.
Hopes of the Fed beginning a cycle of rate cuts in June have helped to propel shares to record highs. With payrolls out of the way, investors will look to next week's U.S. CPI inflation data for March to feed their Fed bets.Gold eased after the data, but was still headed for its third straight week of gains, underpinned by safe haven flows.
A cooling U.S. services sector and comments this week from Fed Chair Jerome Powell reinforced the view that rate cuts were likely to commence at some point this year. He pointed to a jump in the VIX , opens new tab, Wall Street's"fear gauge", which posted its highest close on Thursday since Nov. 1.
Dollar Bond Yields U.S. Payrolls Federal Reserve Rate Cuts
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