FILE PHOTO: Signage for a job fair is seen on 5th Avenue in Manhattan, New York
LONDON: The dollar and bond yields rose on Friday after much stronger than expected growth in March U.S. payrolls sent investors scurrying to review their bets on when the Federal Reserve will cut interest rates.
The U.S. Labor Department reported that nonfarm payrolls increased by 303,000 in March, far ahead of a forecast rise of 200,000 from economists polled by Reuters, potentially delaying rate cuts.
