Breaking
Posted 5 hours ago
US jobs miss eases Fed rate-hike expectations
Friday's weaker-than-expected US employment report triggered expectations of a dovish Fed pivot, weakening the dollar and lifting emerging-market currencies and equities at the open. USD weakness favors EM carry trades and commodity-linked currencies; JPY strength reflects coordinated intervention with US Treasury. This aligns with the broader market narrative of Fed credibility erosion and USD de-risking.
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Latest Updates
45 minutes ago
US July Jobs Miss, Revisions Ease Rate-Hike Pressure
U.S. employers unexpectedly cut jobs in July with downward revisions to prior two months, reducing near-term Fed tightening risk. Softer labor data supports USD weakness and dovish Fed pivot narrative; JPY and EUR benefit as rate-hike odds compress.
https://www.nasdaq.com/articles/asian-shares-rise-easing-fed-rate-hike-betsReplies
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