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Dollar Drops As Fed-led Gains Vanish After Jobs Data

Por: RTTNews Business July 10, 2023

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The week ended July 7 witnessed the U.S. dollar weakening against most major currencies amidst mixed updates from the U.S. labor market that eclipsed the hawkish sentiment triggered by FOMC minutes released on Wednesday. Data released by the U.S. Bureau of Labor Statistics on Friday showed the U.S. added 209 thousand jobs in June 2023 versus market expectations of 225 thousand. Figures for May were revised lower by 33 thousand to 306 thousand.... + full article



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