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US Dollar Falls After Weak Jobs Data Reduces Rate Hike Chances
The US dollar has fallen to its lowest level since May against other major currencies, particularly the yen, following weaker-than-expected US jobs data. This data has led to a reduction in market expectations for a September interest rate hike by the Federal Reserve.
7 Aug, 08:43 — 7 Aug, 15:59
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (59/100)5 sources33/33
Spectrum spread— 3/5 buckets covered17/33
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Geographic diversity— 2 regions9/34
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Sources
Showing 4 of 5 sources
bloombergHigh7h ago
Dollar Falls to Lowest Level Since May as Rate Hike in Doubt
The dollar fell Friday after soft US labor data reduced expectations that the Federal Reserve will raise interest rates in the near term.
By Anya Andrianova
Read full article →wsjHigh14h ago
Dollar Could Rise if U.S. Jobs Data Exceed Forecasts - WSJ
Dollar Could Rise if U.S. Jobs Data Exceed Forecasts WSJ
Read full article →YahooMostly Factual7h ago
US rate futures cut chances of September rate hike after jobs data
Read full article →advisor-perspectivesMostly Factual8h ago
Gold Jumps as Weak US Jobs Data Adds Fuel to Bullion’s Rebound
Gold jumped more than 3% after an unexpected contraction in the US jobs market, extending a rebound from its slump below $4,000 an ounce.
By Mark Burton, Yihui Xie
Read full article →Coverage Timeline
First report: Reuters · 7 Aug, 06:02|Full coverage: 5 · 10h|Window: 10h
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