The Dollar Stabilizes as Bond Markets Recover and Jobs Data Approaches

Reported about 8 hours ago

The dollar saw a slight decline in its weekly gain as bond markets stabilized, with traders awaiting crucial U.S. jobs data that could influence future interest rate cuts by the Federal Reserve. After recent higher-than-expected jobless claims, expectations for a significant rise in nonfarm payrolls remain cautious. Meanwhile, the yen strengthened following a new U.S.-Japan trade deal, while bonds in major markets experienced a temporary rally, reflecting shifting investor sentiment.

Source: YAHOO

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