Dollar Holds Steady Amid Rate Hike Hopes
The US dollar slightly rose today, Wednesday, supported by economic data that boost expectations of the Federal Reserve raising interest rates. The dollar index reached 101.39 points, up by 0.2%. The euro declined following positive inflation data, while the Japanese yen remained near its lowest level in 40 years. These developments come amid ongoing focus on the US labor market, where jobcut reports reached their lowest level since December 2025, and private job additions slowed compared to expectations. The strength of the labor market continues to have a greater influence on Federal Reserve policies than inflation does.
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