London, Aug 7, 2026 (AFP) - Dollar drops, stocks climb as weak US jobs data eases rate fears

NAMPA / AFP

2026-08-07

The dollar fell sharply Friday after the US economy shed thousands of jobs in July, an economic blow that lowered the risk of an interest rate hike by the Federal Reserve that could slow growth in the world's biggest economy. Stocks gained on the report that showed 23,000 jobs were lost last month, confounding expectations that 80,000 to 100,000 new posts would be created. Nearly every European market closed higher, with Paris, Frankfurt and Mil......

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