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Story summary
- The U.S. dollar is experiencing its worst weekly performance since July, influenced by expectations of Federal Reserve rate cuts due to weak labor data.
- Traders anticipate an 87% chance of a rate cut at the Fed's December meeting, with the dollar index near 99.60.
- Japan's Prime Minister announced a $117 billion stimulus package, leading to speculation about a possible rate hike by the Bank of Japan.
- The Canadian dollar strengthened following strong economic growth data, while the euro and yen appreciated slightly amid the Fed's outlook.
