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FOREX-Dollar edges lower ahead of U.S. job data

Posted on June 3, 2022 by Michael

By Reuters

The dollar edged lower on Friday as risk appetite picked up ahead of U.S. jobs data later in the day. Equities rose as investors hoped U.S. data might sway the Federal Reserve to slow its current aggressive pace of interest rate hikes over the coming months. The ADP National Employment Report on Thursday showed U.S. payrolls rising at a slower-than-expected pace last month.

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