US EditionDismal Jobs Data Gives Fed a Wake-Up Call on Interest Rates
23 Articles
23 Articles
The Mexican peso presented an advance at the beginning of the day, as well as a weakening of the dollar, since the latest employment data in the United States tipped the balance in favor of seeing cuts in the interest rate by the Federal Reserve (Fed) later.This Monday, the Mexican currency records an appreciation of 0.38 percent or 7.15 cents, considering its closing data of yesterday; the exchange rate is located at 18.81 pesos per dollar, acc…
Dismal Jobs Data Gives Fed a Wake-Up Call on Interest Rates
“The labor market is actually still quite solid.” “The labor market’s solid, historically low unemployment.” “In the labor market, conditions have remained solid.” Last Wednesday, at his press conference following the Federal Reserve’s decision to hold interest rates steady, the central bank’s chairman, Jerome Powell, used the word “solid” to describe the US job market at least a half-dozen times. For much of the year, the labor market’s perceiv…
Ringgit strengthens vs US dollar amid US rate cut speculation
KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8 am, the local note climbed to 4.2260/2395 against the greenback from yesterday’s close of 4.2350/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the US dollar slipped further as…
What happens if the Fed cuts interest rates — and what does it mean for you
Recent headlines have painted a complex picture of the U.S. economy: announcements of trade deals and tariffs, a slight uptick in inflation, and a disappointing jobs report that tanked markets and cost the head of the Bureau of Labor Statistics her job. After keeping interest rates steady for the fifth time in a row at its July meeting, the Federal Reserve […] The post What happens if the Fed cuts interest rates — and what does it mean for you a…
The exchange rate opened the week with a new decline in the Chilean market, marking a continuity in the bearish trend that has dominated the green bill since the publication of the weak labor report in the United States.See more: The dollar once again exposes the challenges of Latin American currenciesThe pressure on the dollar intensified after the July non-agricultural payrolls confirmed a deeper slowdown in the US labor market.According to Ba…
US Dollar Index (DXY) Plunge Pushes Bitcoin to $115,000 as Fed Rate-Cut Speculation Heats Up
DXY fell to 98.50 after weak jobs data and political turmoil intensified Fed rate-cut expectations. Bitcoin rebounded to $115,000, approaching EMA resistance, with RSI recovery signaling improved momentum. Crypto markets strengthened as dollar weakness increased speculation of further monetary easing and Fed-driven liquidity support. The U.S. Dollar Index (DXY) is sliding hard, dropping to around 98.50 after a disastrous jobs report and a politi…
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