Tag: Fed rate cuts
-
Dollar Falls in NY FX Market as ADP Data Boosts Rate Cut Bets
Market Overview: Dollar Dips in NY FX Market The dollar eased in late New York trading as softer U.S. employment signals intensified bets that the Federal Reserve will deliver additional rate cuts this year. The dollar index drifted lower, while major forex pairs retraced earlier gains and the dollar weakened against the yen and the…
-
US Job Openings Hold Steady in August as Hiring Cools
US job openings plateau in August amid policy uncertainty WASHINGTON — U.S. job openings held steady in August, inching up to 7.23 million from 7.21 million in July, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). Economists had anticipated a decline to around 7.1 million, underscoring the mixed signals currently shaping…