The Traderszone Network

Published in TZ Latest News 8 November, 2015 by The TZ Newswire Staff

Asia dips, dollar at seven-month high as U.S. jobs data bolsters case for December Fed hike

Asian stocks slipped and the dollar stood at a 7-month high against its peers early on Monday after robust U.S. jobs data bolstered expectations of a Federal Reserve interest rate hike in December. The unemployment rate fell to 5.0 percent, the lowest since April 2008. Prospects of the Fed hiking rates for the first time in almost a decade and ending seven years of easy monetary policy, which have pump-primed global markets with flush liquidity, weighed on riskier assets.