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2. (10pts) US employers added 271,000 jobs in October, well above economists' expectations of 183,000. This is a strong indication of economic recovery in the
2. (10pts) US employers added 271,000 jobs in October, well above economists' expectations of 183,000. This is a strong indication of economic recovery in the US, and has raised the market expectation of the Fed (the US central bank) to raise interest rates by the end of this year (suppose the inflation rate is not expected to rise). In November, US dollar is up 3% against Euro. Please explain why this is observed
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