US EditionDollar Sinks and Gold Surges as Fed Rate Cut Chances Increase
10 Articles
10 Articles
The Mexican peso closed with double-digit losses against the dollar, this during a day marked by the July employment report in the US that was worse than expected and increased the chances of a cut in the Fed’s rate in September. The figure of 77,000 posts created during last month ‘shaked’ the bags on Wall Street, with the Nasdaq dropping more than 2%. The ‘cooling’ of job creation in the US caused the market to raise its bets in favor of a cut…
The weakness of the U.S. labour market leads the Fed to raise the rate.
Today's data provide a much greater probability that Fed interest rates will fall. A look at the bond market. The post-sinking Fed interest rates are much more likely – market interest rates fall appeared first on financial marketwelt.de.
The second year, more sensitive to the monetary situation, fell by 0.21%. The post-US: bond rates fall after low job creation appeared first on Les Affaires.
Poor US labor market data increases the likelihood of interest rate cuts in the US. At least, that's how the market interprets the latest statistics, as evidenced by the significant dollar decline on Friday afternoon. However, this time, the growing likelihood of rate cuts didn't help the stock market: Wall Street indices started the session with declines.
Dollar Sinks and Gold Surges as Fed Rate Cut Chances Increase
The dollar index (DXY00 ) on Friday retreated from a 2-month high and fell by -0.95%. The dollar tumbled Friday after the Jul payroll report showed the US labor market cooled more than expected, bolstering speculation the Fed may cut interest rates as soon as next month. Losses in the...
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