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Dollar Fluctuates as Markets Await Key US Labor Data
New York – The US dollar traded with uncertainty on Monday as markets braced for a series of crucial US labor market reports this week. These figures are expected to heavily influence expectations surrounding potential interest rate cuts by the Federal Reserve later this month.
Reuters reports that market sentiment remains sensitive to FridayS inflation data, a recent court ruling deeming most of former President trump’s tariffs illegal, and ongoing tensions between Trump and the Federal Reserve regarding his efforts to remove Governor Lisa Cook.
