US Dollar Slumps on Disappointing May Jobs Report

Jun 07,2019 21:43   Source:Earnforex
The US dollar slumped at the end of the trading week, driven by a weaker-than-expected May jobs report and stagnant wage growth that signaled a slowing economy. Should the trend continue, then it might prompt the Federal Reserve to cut interest rates to spur economic growth, which the market is already betting will happen as early as next month. According to the Bureau of Labor Statistics (BLS), the US economy created just 75,000 new jobs […]

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