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
US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
npub18c…5qe5a
2024-07-06 04:02:39
Author Public Key
npub18cflnv72tfg9ulkhjwvjtz270e6492crytv7scu2sguncsm29wgqq5qe5aPublished at
2024-07-06 04:02:39Event JSON
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"content": "US Dollar Continues to Decline on Weak Data and Rate Cut Speculation\n===============\t\n#332a5058 ver:0.6\n\nThe 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...\n\n#newstr #UsDollar #WeakData #RateCutSpeculation #NonfarmPayrolls #EconomicIndicators #LaborMarket #InterestRates #Canada \n\n https://here.news/story/332a5058?ver=0.6",
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