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Dollar jumps after strong US payrolls report

The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts.

  • US dollar index hits 5-month high after strong payrolls report
  • US added 165,000 jobs in July, beating 65,000 estimate
  • Fed likely to raise rates next month based on employment data

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