Dollar bounces on job gains, then pares ahead of CPI

The U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has led to heightened expectations for a Federal Reserve rate increase in September. However, the dollar softened slightly as traders now focus on looming inflation reports. Wages saw a year-over-year uptick of 3.1%, the weakest growth since June 2021, while the yen appreciated against the dollar throughout the week.

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