US Dollar Strengthens as Payrolls Report Reduces Rate Cut Expectations
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#142fda0b ver:0.88

The US Dollar strengthens as the payrolls report reduces rate cut expectations, with the US Dollar Index experiencing a retreat after soft jobless claims figures. Despite signs of a softening labor market, the likelihood of cuts in June and July remains low. Traders are closely watching the release of the PCE figures for further clues on monetary policy. The US Dollar is now hovering near an 8-week low as a payrolls test looms, with investors awaiting the outcome of the report to determine the dollar's performance. The US dollar index topped 105.00 after Friday's jobs report, pushing rate-cut expectations further back. The upcoming US CPI report is expected to show price growth around 3%, potentially strengthening the US dollar. #USD #payrolls #ratecuts #monetarypolicy...

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