Fed, dollar and Jobs
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The domestic currency had closed at 88.68 per dollar on Thursday, falling 20 paise amid persistent foreign exchange outflows and dollar demand from importers.
The Canadian dollar weakened to a 12-day low against its U.S. counterpart on Wednesday as oil prices fell and after the cancellation of October's U.S. jobs report reduced expectations for a rate cut next month by the Federal Reserve.
For all the attention paid to the dollar’s changing correlation to the level of US stocks this year, Goldman Sachs Group Inc strategists argue that the more interesting linkage lies between the greenback and CBOE’s Volatility Index,
The dollar has had a rough 2025 so far, declining nearly 11% in the first half of the year. Will it continue? See expert forecasts and ChatGPT insights.
By Brijesh Patel (Reuters) -Gold prices slipped on Thursday, weighed down by a stronger dollar and reduced expectations for a Federal Reserve rate cut in December, with investors eyeing a delayed U.S.
A gauge of the dollar rose to its highest level in six months after traders reduced expectations of interest rate cuts from the Federal Reserve next month in the run-up to a key jobs report.