Dollar Falls and Gold Rallies to a Record High on Fed Easing Prospects

The dollar index (DXY00) on Monday fell by -0.22%.  The dollar moved lower on Monday due to speculation that weak US labor market news this week, including the August JOLTS job openings, the September ADP employment change, and the September nonfarm payrolls, will prompt the Fed to continue cutting interest rates.  Also, the looming risk of a US government shutdown on Wednesday is weighing on market sentiment toward the dollar.  The dollar recovered from its worst level after Aug pending home sales rose mo ...