Dollar heads for weekly loss on dovish Fed expectations
Balazs Barabas
NEW YORK :The dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S. President Donald Trump’s nominations to the Federal Reserve. The dollar has dropped since last week’s jobs report for July showed employers added fewer jobs than expected during the month, while jobs gains from previous months were also revised down sharply. Other data including a
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