Dollar Extends Losses Amid Uncertainty Over US Policy
Odaily Planet Daily News: Due to uncertainties in U.S. trade and fiscal policies, the U.S. dollar has fallen to its lowest level since February 2022. The reciprocal tariffs suspended by President Trump are set to expire on July 9. Meanwhile, the U.S. Senate is engaged in a marathon voting session on Trump’s tax and spending bill. Ahead of the release of key U.S. labor market data this week, investors have become increasingly cautious. These data include the JOLTs job openings report to be released on Tuesday and the non-farm payroll report on Thursday. In a report, Commerzbank analyst Volkmar Baur stated that data significantly below expectations would increase the likelihood of a Federal Reserve rate cut in July and could further weaken the dollar. (Jin10)
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