US dollar gains amid lower rate hike expectations
The US dollar rose despite a decline in investor expectations of a rate hike by the Federal Reserve in October, due to uncertainty surrounding inflation and the possibility of further monetary tightening measures. Data showed a slowdown in job growth in September and negative revisions to previous non-farm payroll figures, reducing the likelihood of a rate increase this month and leading the market to bet on stability or a possible hike in December. This shift in expectations caused Asian and European stock indices to rise, while futures for Nasdaq and the Stoxx 50 continued to increase.
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