Based on the report from the Labor Department U.S. economy added 162,000 jobs in March, Wells Fargo's (NYSE:WFC) head of currency strategy Nick Bennenbroek said a “A strong jobs report means a stronger dollar against most currencies."
The dollar did gain against the strong yen to its highest level in seven months.
Bennenbroek adds the U.S. dollar could increase to 100 yen within six months.
Some believe this increases the chance of the Federal Reserve increasing the interest rates before the end of 2010.
Stronger U.S. Dollar
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