Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: US Dollar Weakens Further as Labor Market Softens, Pound Recovers from BoE-led Low ...
US Dollar Weakens Further as Labor Market Softens, Pound Recovers from BoE-led Low
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#ceb5d66c ver:0.61
The US dollar weakened as the labor market softened, causing the pound to recover. Risk-off flows and uncertainty in the market weighed on investor sentiment, leading to a drift lower in the GBP/USD rate. The Federal Reserve's upcoming interest rate decision will be a key catalyst for movement in the pound to dollar exchange rate. The weaker-than-expected US jobs report further undermined the dollar and boosted risk appetite, resulting in the pound surging above 1.26. The dollar's retreat followed data showing signs of a cooling labor market, increasing the odds of Fed rate cuts. #USD #GBP #FederalReserve #interestrates...
#newstr #UsDollar #SoftJobsData #LaborMarket #FedRateCuts #Euro #Sterling #JapaneseYen #BankOfEngland #InterestRateCut #TreasuryYields #SinousTradeSpat #ChineseEntities
https://here.news/story/ceb5d66c?ver=0.61
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#ceb5d66c ver:0.61
The US dollar weakened as the labor market softened, causing the pound to recover. Risk-off flows and uncertainty in the market weighed on investor sentiment, leading to a drift lower in the GBP/USD rate. The Federal Reserve's upcoming interest rate decision will be a key catalyst for movement in the pound to dollar exchange rate. The weaker-than-expected US jobs report further undermined the dollar and boosted risk appetite, resulting in the pound surging above 1.26. The dollar's retreat followed data showing signs of a cooling labor market, increasing the odds of Fed rate cuts. #USD #GBP #FederalReserve #interestrates...
#newstr #UsDollar #SoftJobsData #LaborMarket #FedRateCuts #Euro #Sterling #JapaneseYen #BankOfEngland #InterestRateCut #TreasuryYields #SinousTradeSpat #ChineseEntities
https://here.news/story/ceb5d66c?ver=0.61