Reported 28 days ago
The US dollar weakened against major currencies as traders awaited upcoming US jobs data and the presidential election. Despite October's strong private payrolls growth and a 2.8% GDP increase in Q3, mixed US economic indicators provided little direction for Federal Reserve rate expectations. The Australian dollar also dipped following low inflation data, while sterling faced volatility after the UK budget announcement. Meanwhile, speculation around the potential victory of Donald Trump in the upcoming election supported the dollar and US bond yields.
Source: YAHOO