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Dollar climbs on employment data
The US dollar rose slightly today, Tuesday, supported by strong employment data in the United States, which boosted expectations of an interest rate hike by the Federal Reserve and increased Treasury bond yields. Meanwhile, the Japanese yen remained at its lowest level against the dollar in forty years. The data shows a rise in job opportunities in May that exceeded expectations, and a decrease in inflation concerns due to falling oil prices, which may influence the Federal Reserve's decision on interest rate policies.
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