20 Hrs
Source:
الاقتصادية
Dollar falls ahead of US jobs report
The dollar declined slightly as markets await the release of US employment data for August, which is expected to show an addition of around 55,000 jobs, according to economists' forecasts. At the same time, expectations for a interest rate hike in the US in September are increasing, following statements from the Federal Reserve Chair indicating the possibility of tightening monetary policy if inflation continues to decline toward the 2% target. European currencies like the euro and the British pound rose, while the value of the dollar index fell to its lowest level since August 17. Markets continue to assess the likelihood of a rate increase amid rising tensions in the Gulf region and soaring oil prices, in addition to the impact of the yen's weakness, which is expected to weaken further as the Japanese government is anticipated to raise interest rates in September.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)