Jobs Data Lift Emerging-Market Currencies

Emerging-markets currencies climbed against the dollar on Friday after the U.S. jobs report, as traders bet improvement in the labor market in May wasn't strong enough to push the Federal Reserve to an earlier increase in interest rates than expected.  Many investors in the developing world have kept a close watch on U.S. economic indicators to gauge when the Fed will raise rates. Higher U.S. rates, analysts say, could strengthen the dollar and draw cash out of emerging markets.

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-Igor P Purlantov