Dollar sees largest weekly drop since April
The dollar declined significantly during the week, marking its largest drop since April, following US June employment data that showed a slowdown in job growth and reduced expectations of an interest rate hike by the Federal Reserve. This led to gains in the euro and British pound, along with an improving yen, which is currently facing expectations of intervention by authorities after its sudden rise yesterday. Market outlooks now suggest a 45% chance of a rate increase in September, amid declining US two-year Treasury yields.
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