Tag: LSEG
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Dollar Dips as Hiring Slows, Fed Rate-Cut Bets Grow in NY FX Market
Market snapshot: dollar slips as hiring data fuels Fed rate-cut bets The New York foreign exchange market saw the dollar retreat against the yen and the euro as fresh hiring data underscored a cooling U.S. labor market. Traders reassessed the path of monetary policy, leaning toward additional Federal Reserve rate cuts this year as softer…