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NEW YORK: The dollar rose on Friday in thin trading, on pace for its third weekly gain, after data showed the world’s largest economy created more jobs than expected in March, suggesting it is on a steady path to recovery from the pandemic.
Financial markets were closed in Australia, Singapore, Hong Kong, Britain, Europe and the US in observance of the Good Friday holiday. Friday’s data showed US nonfarm payrolls surged 916,000 jobs last month, the largest gain since last August.
Data for February was revised higher to show 468,000 jobs created instead of the previously reported 379,000. Economists polled by Reuters had forecast payrolls increasing by 647,000 jobs in March.
“The important thing is that the employment trend is…

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