Reported 2 days ago
The dollar index dropped by 0.59% to a 1.5-month low as disappointing US unemployment figures raised expectations for Federal Reserve rate cuts. August payrolls increased by only 22,000, far below the anticipated 75,000, while the unemployment rate rose to 4.3%. This week, markets now predict a significant likelihood of future rate cuts by the Fed, contributing to dollar weakness and boosting the euro and precious metals.
Source: YAHOO