US Dollar Weakens on Soft Labor Market Data
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#15296a3b ver:0.99
The US dollar weakened on soft labor market data, increasing the likelihood of a September interest rate cut by the Federal Reserve. The euro and pound strengthened against the dollar, while the Canadian dollar rose on higher oil prices. Gold prices also increased on bets for a rate cut. Meanwhile, the S&P 500 and Nasdaq reached record highs on hopes of a rate cut. The US dollar hit a 38-year high against the yen. #USD #economy #interestrates #gold #stocks...
#newstr #UsDollar #LaborMarket #WallStreet #Gold #OilPrices
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