Tag: USDJPY
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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…
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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…