Forex
Fed Ponders Rate Hike After Strong US Jobs Report
A stronger-than-expected jobs report in the US has led to speculation that the Federal Reserve may raise interest rates at its next meeting.
The report, released on Friday, showed better-than-expected job growth, which Wall Street interpreted as a sign that the Fed is looking to increase interest rates later this month.
Gillian Bowen from CommSec noted that while the jobs report was good news for those seeking employment, it also sent a signal to investors that the Fed may raise rates in response to the strong economic data.