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US Dollar licks wounds after jobs shock; Aussie dips as inflation cools

From brecorder.com

The dollar nursed its sharpest drop in a month and a half on Wednesday, as investors bet that softer-than-expected U.S. jobs data reduced the chances of further Federal Reserve rate hikes. The Japanese yen hovered around 146 per dollar following its overnight rebound from a 10-month trough at 147.375, as a drop in Treasury yields took away support for the U.S. currency. The Australian dollar dropped from near a two-week peak after inflation there cooled by more than economists predicted in July. China’s yuan was buoyed above a 10-month low in offshore trading after the country’s central bank again set a much stronger ... (full story)

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  • Category: Fundamental Analysis