Dollar Falls to Nearly 7-Week Low in Wake of Weak Jobs Data
Barronsยท2025-09-09 07:42
Group 1 - The U.S. dollar has fallen to its lowest level in nearly seven weeks against a basket of currencies due to disappointing jobs data, which has heightened expectations for the Federal Reserve to begin cutting interest rates starting September 17 [1][2] - Preliminary benchmark revisions to payrolls for the period from April 2024 to March 2025 are anticipated, with analysts from Danske Bank predicting a negative revision of 400,000 jobs [2]