Weak US labour data and Donald Trump’s controversial sacking of a top official over fake numbers claim rattled global markets.
The greenback recovered some of its losses against the Japanese currency on Monday, last trading 0.14% higher at 147.60 yen. SINGAPORE: A battered dollar edged marginally higher on Monday after a dismal US jobs report and President Donald Trump's firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts.
Against a basket of currencies, the dollar edged up 0.2% to 98.86, after sliding more than 1% on Friday. 'Market reactions to Friday night's events were swift and decisive,' said Tony Sycamore, a market analyst at IG. 'Equities and the US dollar tumbled, along with yields.' The two-year Treasury yield fell to a three-month low of 3.
Dollar Yen Slide Euro Dollar Moves Fed Independence Fed Rate Cut Global Currency Markets Market Reaction Nonfarm Payrolls September Rate Cut Swiss Tariff Shock Treasury Yields Fall Trump Fed Tension Trump Labour Official US Economic Jitters US Jobs Data
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