22 August 2024
US Dollar Slips After Lower Job Revision, Strengthen Fed Dovish Tone
On Wednesday, the US dollar index declined by 0.24%, closing at 101.14, marking its lowest level this year. This drop was largely attributed to revised data revealing that employers added 818,000 fewer jobs in the year through March than previously estimated. (2024 Preliminary Benchmark Payroll Revision) (2024 Preliminary Benchmark Payroll Revision) The Fed now faces fewer obstacles to cutting rates
