US Dollar Weakens on Disappointing Jobs Data and Weaker-Than-Expected ISM Services PMI
===============
#332a5058 ver:0.58
The US dollar weakened on disappointing jobs data and weaker-than-expected ISM services PMI, leading to a decline in US yields. Stocks rallied on speculation of potential rate cuts by the Fed. The Japanese yen, which had reached a 38-year low against the dollar, has started to recover its losses. Traders are preparing for possible Japanese government intervention. The market is now pricing in a 68% chance of a US rate cut in September. #USD #jobsdata #ISMservicesPMI #Fed #JapaneseYen #ratecuts...
#newstr #UsDollar #JobsData #IsmServicesPmi #UsYields #RateCuts #DollarIndex #TrendlineSupport #NonfarmPayrollReport #DollarStability
https://here.news/story/332a5058?ver=0.58
US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
npub18c…5qe5a
2024-07-04 16:56:25
Author Public Key
npub18cflnv72tfg9ulkhjwvjtz270e6492crytv7scu2sguncsm29wgqq5qe5aPublished at
2024-07-04 16:56:25Event JSON
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"content": "US Dollar Weakens on Disappointing Jobs Data and Weaker-Than-Expected ISM Services PMI\n===============\t\n#332a5058 ver:0.58\n\nThe US dollar weakened on disappointing jobs data and weaker-than-expected ISM services PMI, leading to a decline in US yields. Stocks rallied on speculation of potential rate cuts by the Fed. The Japanese yen, which had reached a 38-year low against the dollar, has started to recover its losses. Traders are preparing for possible Japanese government intervention. The market is now pricing in a 68% chance of a US rate cut in September. #USD #jobsdata #ISMservicesPMI #Fed #JapaneseYen #ratecuts...\n\n#newstr #UsDollar #JobsData #IsmServicesPmi #UsYields #RateCuts #DollarIndex #TrendlineSupport #NonfarmPayrollReport #DollarStability \n\n https://here.news/story/332a5058?ver=0.58",
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