US EditionDollar Slips After Data Disappoints; Trump Calls for Rate Cut
- The US dollar declined broadly on June 4, 2025, after weaker-than-expected May private payrolls and a contracting services sector were reported in the US.
- The disappointing US labor data, with only 37,000 jobs added versus an expected 110,000, followed a revised weaker April figure and coincided with tensions from recent trade disputes and tariff rollback accusations.
- The dollar fell 0.6% against the yen to 143.165 and 0.3% on the dollar index to 98.847, while the euro and Swiss franc gained 0.5%, reflecting shifting investor sentiment amid expectations of a more dovish Fed.
- Trump reiterated his call for Fed Chair Powell to lower interest rates and described Chinese President Xi as 'tough' and 'hard to make a deal with' ahead of a planned call this week, highlighting ongoing trade tensions.
- The data and political developments suggest increased market volatility with prospects of a US rate cut in 2025 strengthening and caution over slow growth and inflation risks in the economy.
12 Articles
12 Articles
Channel News Asia
Dollar slips after data disappoints; Trump calls for rate cut
NEW YORK :The dollar fell across the board on Wednesday after weaker-than-expected U.S. private payrolls data highlighted continued easing in the labor market and data showed U.S. services sector contracted for the first time in about a year in May.U.S. private payrolls rose by only 37,000 jobs in May, far le
Singapore: The dollar is headed towards a weekly loss today Friday, influenced by signs of a decline in the United States economy at a time when trade negotiations between Washington and its trading partners have not progressed significantly despite the approaching deadline.
Dollar to decline further on U.S. fiscal, growth and trade risks: Reuters poll – EMEA Tribune – Latest News – Breaking News – World News
By Sarupya Ganguly BENGALURU (Reuters) – Falling demand for U.S. dollar-denominated assets will push the greenback lower in coming months, according to FX strategists surveyed […] Source
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