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The dollar is strengthening, the euro is falling: all attention is on the US labor market

04 października 2024

The DXY dollar index soared to a 3-week high of 102.05, bringing the EUR/USD pair to strong support at 1.10. The dollar's recovery is driven by strong data on the US economy and labor market, as well as expectations of a slowdown in the Fed's rate cuts.On Thursday, the dollar index reached a six-week high, supported by indicators of the service sector and a positive picture on the labor market. The probability of a Fed rate cut by 50 bps in November fell to 32%, which led to a 1.5% strengthening... Czytaj więcej

Najnowsze wiadomości gospodarcze

The dollar is strengthening, the euro is falling: all attention is on the US labor market

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