Reported 25 days ago
On Tuesday, the dollar found stability as traders evaluated the impact of increasing odds for Federal Reserve rate cuts against the backdrop of U.S. tariff uncertainties. Following a U.S. jobs report indicating labor market stress, the dollar appreciated by 0.2%, recovering from previous losses, while expectations of imminent rate cuts surged from 63% to 92.1%. Analysts expressed mixed sentiments regarding the dollar's direction amidst political turmoil and ongoing tariff implications, which are expected to contribute to market volatility.
Source: YAHOO