fromLondon Business News | Londonlovesbusiness.com
9 hours agoDollar at risk as weak jobs reinforce easing bets - London Business News | Londonlovesbusiness.com
The US dollar traded within a narrow range on Monday, hovering near multi-month lows, and stabilizing after a decline as last week's weak payrolls data intensified expectations of policy easing. The greenback posted losses on Friday when nonfarm payrolls showed that only 22,000 jobs were created in August, and the unemployment rate climbed to 4.3%. The figures cemented the view that the labour market is losing steam, leaving the dollar vulnerable ahead of this week's upcoming data.
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