Reported about 1 month ago
The dollar reached a two-week high against the euro as traders adjusted their expectations on Federal Reserve rate cuts ahead of a significant U.S. jobs report due at the end of this week. Rising long-term Treasury yields and a stabilized U.S. inflation rate contributed to the dollar's strength, which is trading at levels not seen since mid-August. Market participants are anticipating the addition of 165,000 jobs in August and a decrease in the unemployment rate to 4.2%, which could influence the Fed's future policy decisions.
Source: YAHOO