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US Dollar sets forth weekly losing streak but NFP holds key
The US Dollar (USD) trades slightly on the back foot on Friday as markets brace for potentially the most volatile event of the week, Nonfarm Payrolls (NFP). Markets are increasingly considering the possibility that the US Federal Reserve (Fed) could opt
Fxstreet
Sep 6, 2024
US Dollar focus on job’s data ahead of Friday’s NFP
The US Dollar (USD) trades softer on Thursday, with a lot of data points set to be released in a condensed time span. The Greenback already eased on the back of the JOLTS Job Openings report on Wednesday, when the previous number was revised andFxstreet
Sep 5, 2024
US Dollar declines after weak economic data and neutral Fed outlook
The US Dollar Index (DXY), a measure of the USD against a basket of six currencies, snapped its recovery streak on Wednesday after a disappointing report on US job openings and a mixed outlook from the Federal Reserve's (Fed) Beige Book.Fxstreet
Sep 4, 2024
US Dollar gears up for pre-NFP data with JOLTS ahead
The US Dollar (USD) trades sideways on Wednesday ahead of some key US economic data. Meanwhile, equity markets have a severe hangover with tech stocks selling off. The nosedive took place after NVIDIA (NVDA) received a subpoena from the USFxstreet
Sep 4, 2024
Short covering lifts USD – Scotiabank
A big week lies ahead for markets. There is plenty of US data to work through but the NFP update at the end of the week is the primary focus for traders looking for guidance on how aggressive a widely expected Fed rate cut on September 18th will be, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Sep 3, 2024
US Dollar extends consolidation as labor market data looms
The US Dollar (USD) trades broadly stable on Tuesday as it officially starts its trading week after US markets were closed on Monday for Labor Day. The Greenback is slightly up against almost every major currency on the quote board, except for theFxstreet
Sep 3, 2024
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