US Dollar Slumps for Sixth Day, Weak Job Data Fuels Fed Cut Bets
The US Dollar (USD) extends losses for a sixth straight day as a disappointing US Jobs Report fuels expectations of earlier Fed rate cuts. While Nonfarm Payrolls beat forecasts, downward revisions to previous figures, rising unemployment, and slowing wage growth signal a weakening labor market. Technical Outlook: Bearish Dominance: USD weakness points to further downside […]