FOREX-Dollar jumps as U.S. job gains, wage growth beat expectations

(Adds quotes in paragraphs 4 and 8, details from employment report in paragraph 3, updates prices) By Karen Brettell NEW YORK, May 5 (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added more jobs than expected in April, while wages also grew more than economists’ anticipated. Employers added 253,000 jobs, above economists’ forecasts for a gain of 180,000. U.S. average hourly earnings rose at an annual rate of 4.4%, above expectations for a 4.2% increase. But data for March was also revised lower to show 165,000 jobs added instead of 236,000 as previously reported. “I think the headline number is probably not as strong as it looks given the backward revisions,” said Vassili Serebriakov, an FX strategist at UBS in New York. Friday’s jump in the dollar after the data is also likely in part due to investors who were short the greenback, or betting it would fall, covering…

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