Underpinning the dollar, investors bet on further U.S. interest rate hikes after Friday's payrolls data did nothing to challenge the outlook for monetary policy tightening by the U.S. Federal Reserve. While job growth slowed more than expected, a pickup in monthly wages pointed to labour market strength.
Atlanta Fed President Raphael Bostic, who is a voting member of the central bank's policy board, said that two hikes might be needed in 2018, in light of weak price pressures.
Atlanta Fed President Raphael Bostic, who is a voting member of the central bank's policy board, said that two hikes might be needed in 2018, in light of weak price pressures.
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