The U.S. dollar extended its retreat on Monday, pressured by growing expectations that the Federal Reserve will restart its easing cycle at next week\u2019s policy meeting, following a disappointing U.S. jobs report.<\/p>\n\n\n\n
At 04:15 ET (08:15 GMT)<\/strong>, the Dollar Index<\/strong> \u2014 which tracks the greenback against six major peers \u2014 slipped 0.1% to 97.590<\/strong>, adding to a 0.5% drop on Friday<\/strong>.<\/p>\n\n\n\n Friday\u2019s nonfarm payrolls report revealed a sharp slowdown in U.S. job creation and a rise in unemployment to 4.3%<\/strong>, the highest in nearly four years. The figures bolstered speculation that the Fed will cut rates on September 16-17<\/strong>.<\/p>\n\n\n\n Analysts at ING noted the softness could even open the door to an outsized 50 basis point<\/strong> reduction, though markets are currently pricing in only a 10% chance<\/strong> of such a move, according to CME FedWatch<\/strong>.<\/p>\n\n\n\n Traders are now eyeing this week\u2019s August CPI data<\/strong>, where a 0.4% month-on-month print<\/strong> (above the 0.3% consensus) could temporarily support the dollar.<\/p>\n\n\n\n The euro gained 0.1% to $1.1730<\/strong>, supported by German industrial production data showing a 1.3% rise in July<\/strong>. However, political instability in France limited upside.<\/p>\n\n\n\n Prime Minister Fran\u00e7ois Bayrou<\/strong> is expected to lose a no-confidence vote over his budget plan later Monday, raising the risk of renewed fiscal uncertainty. France\u2019s 30-year bond yield recently hit its highest level since 2009<\/strong>, reflecting investor unease over debt sustainability.<\/p>\n\n\n\n The British pound<\/strong> edged up 0.1% to $1.3520<\/strong>, adding to Friday\u2019s gains.<\/p>\n\n\n\n The Japanese yen weakened<\/strong>, with USD\/JPY up 0.3% at 147.80<\/strong>, after Prime Minister Shigeru Ishiba<\/strong> resigned following election setbacks and party dissent. His exit has heightened political uncertainty, clouding Japan\u2019s fiscal and monetary policy outlook.<\/p>\n\n\n\n Data showed Japan\u2019s economy expanded faster than expected in Q2, aided by stronger consumption and inventories.<\/p>\n\n\n\n Elsewhere, the onshore yuan<\/strong> was steady at 7.1325 per dollar<\/strong>, while the Australian dollar<\/strong> rose 0.3% to $0.6580<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar extended its retreat on Monday, pressured by growing expectations that the Federal Reserve will restart its easing cycle at next week\u2019s policy meeting, following a disappointing U.S. jobs report. At 04:15 ET (08:15 GMT), the Dollar Index \u2014 which tracks the greenback against six major peers \u2014 slipped 0.1% to 97.590, adding …<\/p>\n","protected":false},"author":9,"featured_media":52958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-118549","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118549"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118549\/revisions"}],"predecessor-version":[{"id":118550,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118549\/revisions\/118550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52958"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed Rate Cut in Focus<\/h3>\n\n\n\n
Euro Held Back by French Turmoil<\/h3>\n\n\n\n
Yen Slips After Ishiba Resignation<\/h3>\n\n\n\n