US Nonfarm Payrolls Hit 172,000 in May, Double Expectations

May US nonfarm payrolls surged to 172,000, more than doubling economist forecasts. The hot employment data triggered Treasury yield spikes and equity market selloffs at midday trading. USD strength is likely as robust jobs data supports hawkish Fed policy expectations. Dollar pairs face volatility as traders reassess interest rate timelines and monetary policy divergence between major central banks.