
Dollar Nears Two-Month Low as Markets Await Delayed US Jobs Data
The Dollar Index approaches a two-month low ahead of the delayed US jobs report. Markets anticipate a BOJ rate hike and a BOE rate cut this week.

The Dollar Index approaches a two-month low ahead of the delayed US jobs report. Markets anticipate a BOJ rate hike and a BOE rate cut this week.

The Yen held steady after a powerful earthquake in Japan. Markets prepare for the Fed’s highly probable rate cut (87% odds) and the RBA’s policy decision this week.

The Dollar Index drifts lower amid high probability (86% odds) of a Fed rate cut next week. Focus shifts to the PCE data, while EUR and GBP gain momentum.

Gold strengthened amid robust expectations (85% probability) of a Fed rate cut after mixed jobs data. Market focus now shifts to the key inflation gauge, Core PCE.

BOJ Governor Kazuo Ueda stated there is “some uncertainty” on future rate hikes as officials work to determine the neutral interest rate, a key factor in their tightening path.

US Treasury yields are inching lower as the market maintains a strong 87% bet on a Federal Reserve rate cut next week, awaiting key employment and inflation data.

Gold rebounds on rising Fed cut expectations while silver hits a new record high, supported by tightening global supply and strong central bank buying.

Markets steadied on Tuesday as bonds and crypto recovered from Monday’s sell-off. Traders remain focused on Japan’s policy shift and the likelihood of faster U.S. rate cuts.

The US dollar weakens as markets focus on next week’s FOMC meeting, rising expectations of a Fed rate cut, and speculation over Jerome Powell’s successor.

The ringgit holds firm against the US dollar as markets adopt a cautious stance ahead of next week’s FOMC meeting and US economic uncertainty.