Investing.com — The U.S. dollar steadied on Monday after slumping in the prior week on weaker-than-anticipated nonfarm payrolls data, which led traders to push up the timeline for potential Federal Reserve interest rate cuts this year.
At 04:31 ET (08:31 GMT), the U.S. , which tracks the greenback against a basket of six other currencies, traded 0.04% higher at 105.07.
It had fallen last week to a more than three-week low, a decline fueled by wagers that the Fed may now choose to slash rates from more than two-decade highs as soon as September. Markets were previously betting that the central bank would roll out…
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