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11 June 2019

thomasdodds

The US Dollar advanced against its major counterparts on Friday as Non-Farm Payrolls beat estimates by advancing 200,000, while the unemployment rate fell to 8.5%, surprising economists.

The ECB announced on Thursday that interest rates would stay “at their present levels” until mid-2020, but President Mario Draghi added that rate-setters had started a discussion about a possible cut, or fresh bond purchases to stimulate inflation.

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