March 8, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs
The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was cooling.
The data also reinforced expectations that the Federal Reserve would be in a position to cut interest rates in the first half of 2024. Market expectations of a June cut increased to near 80%.
In response, there was limited decline in US yields and the dollar retreated…
Read More
