EURUSD: The dollar steadied after a payrolls-led plunge, with ma
The dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April.
The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are increasing expectations for a 25 basis point rate cut in September.
The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are increasing expectations for a 25 basis point rate cut in September.
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