Reported 3 days ago
The US dollar has fallen over 2% this week as Treasury bond yields decline and anticipation builds for the upcoming US jobs report. The drop in bond yields makes them less attractive, prompting investors to shift to higher-yield assets, which in turn reduces demand for dollars and further weakens the currency. While the unemployment rate is expected to remain stable at 4%, a potential increase in non-farm payrolls may offer some support for the dollar. Meanwhile, the crude oil market is reacting to Opec+ decisions, and gold prices are recovering amid a weaker dollar and political uncertainties.
Source: YAHOO