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Dollar Eyes Worst Day This Year as Jobs Data Boosts Expectations for Fed Cuts

The dollar headed for its steepest decline of 2024 as a surprisingly weak US labor report heightened concern about the economic outlook, leading traders to bet on more aggressive Federal Reserve interest-rate cuts this year.


  • Aug 02 2024
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Dollar Eyes Worst Day This Year as Jobs Data Boosts Expectations for Fed Cuts
Dollar Eyes Worst Day This Year as Jobs Data Boosts Expectations for Fed Cuts
(Bloomberg) — The dollar headed for its steepest decline of 2024 as a surprisingly weak US labor report heightened concern about the economic outlook, leading traders to bet on more aggressive Federal Reserve interest-rate cuts this year.  Read More

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