💨 Abstract

The dollar rallied while U.S. stocks fell sharply on Friday after the U.S. economy created more jobs than expected in December, reinforcing the belief that U.S. interest rates may not fall much this year. The Labor Department reported a 256,000 increase in nonfarm payrolls, with the unemployment rate falling to 4.1%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖