The dollar hovered close to an
eight-week low on Friday, ahead of a crucial U.S. jobs report
that should provide clues on the timing of Federal Reserve
interest rate cuts. The euro held. -June 06, 2024 at 09:03 pm EDT
- MarketScreener
The US dollar hovers near an eight-week low ahead of a crucial jobs report that may influence Federal Reserve interest rate cuts. The euro gains after the European Central Bank's rate reduction, while the dollar index remains stable. Traders anticipate softer non-farm payroll numbers, affecting future rate cut expectations.
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