Asian shares rise, dollar stands tall after upbeat U.S. jobs report

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Asian shares rose on Monday and the dollar stood tall after a stronger-than-expected July jobs report lifted confidence in the strength of the U.S. economy - heightening expectations that the U.S. Federal Reserve could hike interest rates this year. July nonfarm payrolls rose by 255,000 jobs and the June increase was revised upward to 292,000, the Labor Department said. Economists polled by Reuters had forecast July payrolls would increase by 180,000. "The robust U.S. labor market data raise the chances for monetary policy normalization by the Fed, but uncertainties for the U.S. remain high as well," wrote strategists at ... (Read the full story)