Dollar Slips as Traders Await US Jobs Data
The dollar edged lower in a subdued session as traders weighed the potential for a September rate hike following hawkish Fed comments. Markets are now focused on upcoming U.S. employment data to gauge the central bank's next policy move.
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Insights:
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The dollar eased 0.24% to 99.43 on Monday as fed funds futures priced in a 64% chance of a September rate hike. The pullback follows hawkish remarks from Federal Reserve Chairman Kevin Warsh ahead of crucial U.S. employment data.
