Reported about 14 hours ago
The dollar was fluctuating on Monday as investors awaited crucial U.S. labor market data that could influence the Federal Reserve's upcoming rate decisions. Following the release of Friday's inflation data and a court ruling on Donald Trump's tariffs, traders are focused on Friday's nonfarm payroll report and other employment figures. Current forecasts suggest an 87% likelihood of a 25-basis-point rate cut by the Fed, while concerns about Fed independence and ongoing trade issues with Trump continue to weigh on the currency.
Source: YAHOO