Dollar drops as weak US jobs data pushes out Fed hike expectations
The US dollar lost ground against key currencies due to unexpected job losses in July, raising fears about economic stability. As a result, the markets predict that the Federal Reserve will keep interest rates unchanged. Additionally, the disappointing employment figures led to a sharp decline in Tr
The Bharath News1 min readSource: ET Markets
Read in
The US dollar lost ground against key currencies due to unexpected job losses in July, raising fears about economic stability. As a result, the markets predict that the Federal Reserve will keep interest rates unchanged. Additionally, the disappointing employment figures led to a sharp decline in Treasury yields, while gold prices surged as the dollar weakened.
Read the complete story at ET Markets00