Dollar dips on mixed US payrolls data
Saturday, 7 September 2019 02:26 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar slipped on Friday against a basket of currencies, holding above a one-week low as a mixed report on the U.S. jobs market in August reinforced the view of a slowing expansion and the possibility of more interest rate cuts from the Federal Reserve.

Traders now await clues on the Fed™s next move after it embarked on its first rate cut since 2008 in July when Fed Chair Jerome Powell participates on a panel about the economy and monetary policy in Zurich, which begins at 12:30 p.m.

An index that tracks the greenback against the euro, yen, sterling and three other currencies was 0.19% lower at 98.223 after hitting a one-week low of 98.085 on Thursday. The dollar index is on track for 0.67% decline, its steepest weekly loss since June.

The greenback lost ground against its rivals as global tensions receded this week, most notably with China and the United States agreeing to high-level trade talks in October.

Source : CNBC

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