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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