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Channel: Weak Data From Abroad Propels US Dollar: Jan. 9, 2025 | Traders' Insight
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S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade

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ZINGER KEY POINTS A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy’s resilience and easing concerns over an economic slowdown. The strong labor data also led traders to rethink the Federal Reserve’s aggressive rate cuts, resulting in a jump in the dollar and Treasury yields. What Happened:  The U.S. […]

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