US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations on Nostr: US Dollar Continues to Decline on Weak Data and Rate Cut Speculation =============== ...
US Dollar Continues to Decline on Weak Data and Rate Cut Speculation
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#332a5058 ver:0.6
The US dollar continues to decline on weak data and rate cut speculation, with concerns over disinflation and a slowing labor market. The private sector employment report showed fewer jobs than expected, while the ISM Services PMI indicated contraction. Traders are now focused on the June Nonfarm Payrolls report. In Canada, the job market is also slowing, with difficulties absorbing new labor force entrants. Market pricing suggests a 60% probability of an interest rate cut in July. #USD #economy #jobs #ratecut...
#newstr #UsDollar #WeakData #RateCutSpeculation #NonfarmPayrolls #EconomicIndicators #LaborMarket #InterestRates #Canada
https://here.news/story/332a5058?ver=0.6
===============
#332a5058 ver:0.6
The US dollar continues to decline on weak data and rate cut speculation, with concerns over disinflation and a slowing labor market. The private sector employment report showed fewer jobs than expected, while the ISM Services PMI indicated contraction. Traders are now focused on the June Nonfarm Payrolls report. In Canada, the job market is also slowing, with difficulties absorbing new labor force entrants. Market pricing suggests a 60% probability of an interest rate cut in July. #USD #economy #jobs #ratecut...
#newstr #UsDollar #WeakData #RateCutSpeculation #NonfarmPayrolls #EconomicIndicators #LaborMarket #InterestRates #Canada
https://here.news/story/332a5058?ver=0.6