The US dollar is experiencing a slump following disappointing jobs data and remarks from the Federal Reserve’s Jerome Powell. The situation is more dire than anticipated, with US payrolls only seeing a rise of 151,000 in February, falling short of expected figures.
Furthermore, there’s been a slowing down in the growth of US wage earnings. In response to these developments, US rate futures are now pricing in three rate cuts for the year 2025.
On the other hand, the Euro is on the track to mark its most significant weekly gain in 16 years. This financial news from the Americas and its impacts on crypto indices are crucial to keep an eye on for investors and traders.
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