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Dollar licks wounds after US payrolls shock

Dollar licks wounds after US payrolls shock
Business
May 11, 2021
London: The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing US employment report, ahead of inflation data this week, Reuters reported.
The U.S. created only a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher, pouring cold water on speculation the pandemic recovery could spark faster inflation that the Federal Reserve anticipates. read more.
The dollar index , which measures the greenback against six rivals, stood at 90.178, after dipping as low as 90.128 for the first time since February 26. ....

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Dogecoin: The world′s most valuable joke | Business| Economy and finance news from a German perspective | DW

Dogecoin: The world s most valuable joke
The cryptocurrency has outperformed all others over the past year and is now valued at $70 billion. Based on a meme, it has ironically shown itself to be rather sensitive to jokes, as revealed in a recent Elon Musk gag.
Dogecoin can potentially have an infinite supply, unlike Bitcoin
It took just one joke to send the value of Dogecoin, one of the world s most popular cryptocurrencies, crashing down 30%.
The cryptocurrency, which itself began as a social media joke eight years ago, lost more than a third of its price after Elon Musk, one of the world s richest men and Dogecoin s most prominent supporter, called the digital currency a hustle during his appearance on the ....

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Dollar near over 2-month low after payrolls shock, focus turns to inflation

Dollar near over 2-month low after payrolls shock, focus turns to inflation
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Last Updated: May 10, 2021, 08:57 AM IST
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Synopsis
The U.S. created only a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher.
Reuters
The dollar index stood at 90.178, after dipping as low as 90.128 for the first time since Feb. 26.
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NSE
TOKYO: The
dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week. ....

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Dollar licks wounds after payrolls shock, focus turns to inflation | Money

Monday, 10 May 2021 09:44 AM MYT
The dollar index, which measures the greenback against six rivals, stood at 90.178, after dipping as low as 90.128 for the first time since February 26. Reuters pic
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TOKYO, May 10 The dollar languished near a more than two-month low versus major peers today as investors continued to assess the implications for monetary policy of a disappointing US employment report, ahead of inflation data this week.
The US created only a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher, pouring cold water on speculation the pandemic recovery could spark faster inflation that the Federal Reserve anticipates. ....

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