U.S. Dollar Surges after Unemployment Rate Drops

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The U.S. Dollar surged against all major currencies after the government reported a surprise drop in the unemployment rate to 10 percent. Pre-report estimates were for the unemployment rate to remain unchanged at 10.2 percent. In addition, the total jobs lost came in at 11,000, well above estimates of 125,000. The October job loss was revised lower.

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