US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP on Nostr: Yen surges as US jobs data disappoints =============== #b9c27144 ver:0.96 The US ...
Yen surges as US jobs data disappoints
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#b9c27144 ver:0.96
The US dollar weakened against the yen as soft US jobs data disappointed. The dollar fell over 1 yen, leading to speculation of earlier interest rate cuts by the Federal Reserve. The dollar had been strengthening prior to the data release, reaching its highest level this year. The Fed's decision to hold rates steady and uncertainty about future rate hikes also contributed to the dollar's weakness. FX strategists predict further weakening if central bank policies diverge. The USD Index is expected to find support at the 55-day SMA, with a bullish bias as long as it remains above the 200-day SMA. #USD #jobsdata #FederalReserve #interestrates #yen...
#newstr #UsJobsData #Yen #Dollar #FederalReserve
https://here.news/story/b9c27144?ver=0.96
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#b9c27144 ver:0.96
The US dollar weakened against the yen as soft US jobs data disappointed. The dollar fell over 1 yen, leading to speculation of earlier interest rate cuts by the Federal Reserve. The dollar had been strengthening prior to the data release, reaching its highest level this year. The Fed's decision to hold rates steady and uncertainty about future rate hikes also contributed to the dollar's weakness. FX strategists predict further weakening if central bank policies diverge. The USD Index is expected to find support at the 55-day SMA, with a bullish bias as long as it remains above the 200-day SMA. #USD #jobsdata #FederalReserve #interestrates #yen...
#newstr #UsJobsData #Yen #Dollar #FederalReserve
https://here.news/story/b9c27144?ver=0.96