Tag: US dollar
Forex: Dollar on back foot after soft data fans bets on dovish Fed
The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in ...
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Asian shares struggle after U.S. payrolls shock
Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed ...
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Aussie dollar sent tumbling on economic slowdown concerns
The Australian dollar skidded to a two-month low on Wednesday after evidence of an economic slowdown supported market expectations for an interest rate cut later this year. Foreign exchange markets were mostly quiet elsewhere with ...
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