Dollar Falls as Market Bets on Another Fed Rate Cut
The dollar was edging lower as investors bet on the Federal Reserve cutting interest rates further this month, Swissquote Bank analyst Ipek Ozkardeskaya said in a note.
Friday’s nonfarm payrolls data showed an improvement in jobs growth and an uptick in wages in November but the unemployment rate unexpectedly rose.
The data boosted market expectations for the Fed to cut rates by 25 basis points at the December 18 meeting, Ozkardeskaya said.