United States Dollar Index tumbles as NFP shock trims Fed hike bets The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.36%m at 99.58 following a weaker-than-expected US jobs report. The data has eased pressures on the Fed
United States Dollar Index tumbles as NFP shock trims Fed hike bets The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.36%m at 99.58 following a weaker-than-expected US jobs report.
The data has eased pressures on the Federal Reserve to hike rates, as inflation remains stubbornly above the Fed’s 2%
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