Dollar Jumps after Strong NFP, Traders Abandon Bets on 50bps Fed Cut

Dollar surged across the board during early US trading after the all-around stronger-than-expected non-farm payroll report. The data showed much higher-than-anticipated job growth, a slight decrease in unemployment rate, and an acceleration in wage growth. This robust set of figures has led traders to largely abandon bets on a 50bps rate cut by Fed in […] The post Dollar Jumps after Strong NFP, Traders Abandon Bets on 50bps Fed Cut appeared first on Action Forex.

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Oct 5, 2024 - 15:49
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Dollar Jumps after Strong NFP, Traders Abandon Bets on 50bps Fed Cut

Dollar surged across the board during early US trading after the all-around stronger-than-expected non-farm payroll report. The data showed much higher-than-anticipated job growth, a slight decrease in unemployment rate, and an acceleration in wage growth. This robust set of figures has led traders to largely abandon bets on a 50bps rate cut by Fed in […]

The post Dollar Jumps after Strong NFP, Traders Abandon Bets on 50bps Fed Cut appeared first on Action Forex.

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