2024-09-27 22:38
业内Dollar whacked as economic slowdown spreads to U.S
By Kate Duguid
NEW YORK, June 7 (Reuters) - The U.S. dollar index .DXY
fell on Friday to its lowest since March 26 after the U.S.
Department of Labor's employment report showed that job growth
slowed sharply in May and wages rose less than expected.
The weak data suggest that the loss of momentum in economic
activity has spread to the labor market, which will further
support forecasts that the Federal Reserve will cut interest
rates this year. Rising expectations of a cut have pulled the
dollar 1.2% lower this week.
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Dollar whacked as economic slowdown spreads to U.S
| 2024-09-27 22:38
By Kate Duguid
NEW YORK, June 7 (Reuters) - The U.S. dollar index .DXY
fell on Friday to its lowest since March 26 after the U.S.
Department of Labor's employment report showed that job growth
slowed sharply in May and wages rose less than expected.
The weak data suggest that the loss of momentum in economic
activity has spread to the labor market, which will further
support forecasts that the Federal Reserve will cut interest
rates this year. Rising expectations of a cut have pulled the
dollar 1.2% lower this week.
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