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Dollar drops as weak US jobs data pushes out Fed hike expectations
The US dollar lost ground against key currencies due to unexpected job losses in July, raising fears about economic stability. As a result, the markets predict that the Federal Reserve will keep interest rates unchanged. Additionally, the disappointing employment figures led to a sharp decline in Treasury yields, while gold prices surged as the dollar weakened.
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forbes.com
Surprise Drop In U.S. Jobs Shifts Fed Rate Expectations
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
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channelnewsasia.com
Dollar falls against yen after weak US jobs data
NEW YORK, Aug 7 : The dollar fell against major currencies including the yen and euro on Friday after data showed U.S. employment unexpectedly declined in July, raising concerns…
