Dollar stabilizes after its fall,: This article explores the topic in depth.
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Dollar stabilizes after its fall. For example, :
A weakened dollar has slightly resumed colors on Monday, after a disappointing report on American employment and the surprise dismissal by President Donald Trump of a senior work manager. In addition, These events have amazed investors, who now anticipate imminent decline in interest rates by the American Federal Reserve (Fed).
Data published on Friday revealed that employment growth in the United States had disappointed in July. In addition. Moreover, the number of non -agricultural job creations for the previous two months has been revised downwards of no less than 258,000 positions, reporting a marked deterioration in labor market conditions.
In addition. Donald Trump dismissed the commissioner of the Bureau of Labor Statistics, Erika Mcentarfer, the accusation of having falsified the employment figures, which increased pressure on the markets.
The unexpected resignation of the Fed governor Adriana Kugler also dollar stabilizes after its fall, paved the way for an earlier intervention by Trump. on the central bank that anticipated. The American president regularly opposed the Fed for not having lowered interest rates faster.
This series of developments brought a severe blow to the dollar, which plunged more than 2 % against the yen and around 1.5 % against the euro on Friday.
The greenback, however, returned to part of its losses against the Japanese currency on Monday, running out of 0.14 % to 147.60 yen. However, it remains down around 3 yen compared to its summit on Friday.
The euro fell 0.2 % to 1.1560 dollars, while the pound sterling sold 0.1 % to 1.3263 dollars.
Faced with a basket of currencies, the dollar increased from 0.2 % to 98.86, after dropping more than 1 % on Friday.
“Friday evening event market reactions have been rapid and decisive,” said Tony Sycamore, analyst at IG. dollar stabilizes after its fall, “US actions and dollar have plunged, as is yields. »»
The yield of treasury bills at two years fell on Monday at a three -month low, at 3.6590 %, while investors strongly strengthened their bets over a drop in Fed rates in September. The reference yield at 10 years stagnated near its lowest level of one month, at 4,2060 %. [US/]
The markets now anticipate more than 95 % a drop in Fed rates next month. taking into account the employment figures lower than expectations, with more than 63 points of reduction base planned by December.
“We are advancing our price forecast of 25 basic points from the FOMC to September. ” said David Doyle, responsible for economic research at Macquarie Group.
“Although we do not anticipate any significant new weakness in the labor market. the results of this report should modify the assessment of the FOMC on risk balance dollar stabilizes after its fall, for economic prospects. »»
On the foreign exchange market, the Australian dollar fell 0.17 % to 0.6465 dollars, after growing 0.8 % on Friday against a weakened greenback. The New Zealand dollar sold 0.24 % to $ 0.5905.
The Swiss franc remained almost stable at 0.8041 per dollar.
Switzerland was taken short on Friday. after Trump imposed on the country one of the highest customs tariffs as part of its overhaul of world trade, arousing the concern of industrial associations as to the threat to tens of thousands of jobs.
Dollar stabilizes after its fall,
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