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US dollar sinks as growth concerns weigh; safe-havens yen, Swiss franc advance

  • The U.S. Dollar fell to multi-month lows against the euro and yen due to slowed job growth, suggesting economic slowdown.
  • Nonfarm payrolls increased by only 151,000 jobs in February, which was slower than economists' expectations of 160,000.
  • Treasury Secretary Scott Bessent indicated that the U.S. Economy may face a slowdown as it shifts from public to private spending.
  • The euro gained against the dollar, reaching a four-month peak, aided by Germany's fiscal reforms.
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Kitco NEWS broke the news in on Thursday, March 6, 2025.
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