US Dollar Hovers Near Quarter-Year Low as Growth Concerns Persist; Employment Figures Awaited

Date:

The US dollar continues to linger near a four-month low, reflecting ongoing worries about economic growth, while market watchers eagerly anticipate upcoming employment data. This information was reported by Reuters.

Key market indicators show the following movements: USDJPY down by 0.29%, USDCHF down by 0.28%, USDCAD up by 0.05%, and USDMXN up by 0.01%.

Significant market movements include the Euro eyeing its highest weekly gain in several years. The Yen, on the other hand, is nearing a five-month peak due to safe haven bids and expectations of a Bank of Japan rate hike.

Notably, Bitcoin experienced a slight downturn even though former President Trump signed an order to establish a strategic bitcoin reserve. More details can be accessed by signing up for a free account or logging in.

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