FOREX-Dollar drops against peers, euro gains after U.S. jobs data
By Chibuike Oguh
NEW YORK, Sept 3 (Reuters) - The U.S. dollar extended losses against major currencies, including the yen, Swiss franc, and euro, on Wednesday after economic data showed weakening labor demand, strengthening market hopes for an upcoming Federal Reserve interest rate cut.
U.S. Labor Department data showed on Wednesday that job openings, a measure of labor market demand, fell more than expected to 7.181 million in July. Economists polled by Reuters had expected 7.378 million.
The dollar erased earlier gains against the yen and Swiss franc following the data. It weakened 0.15% to 148.11 against the Japanese yen JPY=EBS and dropped 0.16% to 0.803 against the Swiss franc CHF=EBS.
The euro EUR=EBS added to its gains against the dollar. It was last up0.34% at $1.1677.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.34% to 98.06.
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Cathie Wood Predicts Bitcoin Has Bottomed. Is Now The Best Time to Buy? How to Buy BTC?
Purchasing Bitcoin is generally divided into three stages: pre-transaction, during transaction, and post-transaction. Each stage requires careful attention, as losses can easily arise from operational errors, pitfalls, and other factors.
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
