Reported about 1 month ago
The U.S. dollar weakened as traders increased their bets on a significant rate cut by the Federal Reserve, driven by concerns over the U.S. economic outlook and disappointing job data. The yen benefitted as investors sought safe-haven assets, while market anxiety rose amid fears of a slowing labor market. Current expectations are for a 44% probability of a 50-basis-point cut when the Fed meets, influenced by anticipated nonfarm payroll figures later this week.
Source: YAHOO