In This Story It’s a new month, and investors are heading into it amid fresh inflation data and rising pessimism that’s dominating headlines. With the Fed’s next meeting now just weeks away, all eyes will be on Friday’s jobs report, which could shape expectations for rate cuts this summer. Suggested Reading How Trump’s tariffs could
The US Dollar gets support from Kansas Fed President Schmid with hawkish tone. Focus this Thursday on US PMI’s for August to provide some counterweight. The US Dollar index trades just above 101.00 and could fall to 100.00 if weak sentiment persists. The US Dollar (USD) trades broadly flat after it saw heavy selling at
US Dollar suffers following July’s disappointing jobs report, which sparks increased expectation in September rate cut. If data continues to show progress, the Fed signals readiness to respond to signs of weakness in the US economy. CME FedWatchTool indicates a 90% chance of a cut in September. The US Dollar (USD), as gauged by the
Canadian Dollar climbed on Friday, but Greenback remains popular bid. Canada added far more jobs than expected in April. US consumer sentiment tumbled, Fedspeak crimping rate cut hopes. The Canadian Dollar (CAD) surged on Friday after the Canadian economy added five times as many jobs as analysts expected. However, risk-off market sentiment is limiting the