Dollar Dips: Jobs Report Eases Fed Rate Hike Fears, Yen Gains Strength
- The US Dollar weakened following weaker-than-expected US job growth data, causing USD/CHF to head for its first weekly loss in five weeks as traders reassessed Federal Reserve interest rate hikes.
- The probability of a Federal Reserve rate hike in September dropped from 63% to 53%, while the chance of a December hike remains high at 76%.
14 Articles
14 Articles
Swiss Franc eyes first weekly gain in five weeks as weak NFP delays Fed hikes
USD/CHF heads for its first weekly loss in five weeks as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday weighed on the US Dollar (USD). The pair rebounds on Friday as the Greenback stabilizes, with traders reassessing the Federal Reserve’s (Fed) interest rate outlook. At the time of writing, USD/CHF is trading virtually unchanged around 0.8034 after touching an intraday low of 0.8010. The US Dollar Index (DXY), which tr…
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Times of IndiaDollar set for biggest weekly drop since April after jobs data lowers Fed hike bets
The dollar fell after US job growth slowed sharply in June and payrolls for the previous two months were revised lower, reducing bets on a near-term Fed rate hike.
currencynews.co.uk
bipns.comPound Sterling to Dollar Forecast: Fed Rate Hike Bets Fade After Payrolls Shock
The Pound to Dollar exchange rate (GBP/USD) surged to two-week highs above 1.3380 after a much weaker-than-expected US jobs report prompted investors to sharply scale back expectations of a near-term Federal Reserve rate hike.
According to ChainCatcher, citing Jinshi, the US dollar weakened significantly this week, and is expected to post its biggest weekly drop since April. This was due to a noticeably weaker-than-expected US June jobs data, leading the market to lower its expectations for a near-term Federal Reserve rate hike. The dollar index fell by about 0.5% this week. Against this backdrop, the euro rose to $1.144, a weekly gain of about 0.5%; the pound rose to…
The dollar was headed this Friday for its biggest weekly fall in 12 weeks, following an unwelcome employment report in the United States that cooled market expectations about a short-term interest rate hike by the Federal Reserve, giving some respite to the troubled yen. The widespread weakness of the dollar pushed the euro up to its two-week peak, to $1,1446, with a 0.5% increase in the week, while the pound sterling was strengthened to $1,3352…
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