Forex Today: Markets turn cautious ahead of US May jobs report By eren_fxstreet Currencies Majors Macroeconomics Metals NFP
It is all about the money, three scenarios for wage growth and the dollar.
Lael Brainard, Vice Chairwoman of the US Federal Reserve, told CNBC on Thursday that it was very hard to see the case for a pause in rate hikes in September. “We’re certainly going to do what is necessary to bring inflation back down,” Brainard added and reiterated that the economy still has a lot of momentum. Nevertheless, these hawkish remarks failed to help the dollar gather strength against its rivals.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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