Dollar Knocked Down After Jobs Report, Stocks party – Investing.com

Dollar Knocked Down After Jobs Report, Stocks party – Investing.com

The US employment report left markets spinning on Friday. While nonfarm payrolls overcame expectations by a solid margin, the unemployment rate paradoxically rose a touch, baffling traders and sparking a fresh round of volatility in most assets. The two numbers come from different surveys, so they don’t always move in lockstep.

This saw the market price out some Fed tightening risk, with the dollar and Treasury yields getting knocked down while stocks powered to new record highs.