FOREX-Dollar licks wounds after bruising U.S. jobs report [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
FOREX-Dollar licks wounds after bruising U.S. jobs report By Saikat Chatterjee 3 Min Read * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, May 10 (Reuters) - The U.S. dollar nursed losses near 2-1/2 month lows on Monday as a disappointing U.S. employment report prompted investors to unwind their growing long positions in the greenback. The United States created a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher, casting doubts that the Fed would consider advancing the time line of tightening policy in the coming months. The dollar index, which measures the greenback against six rivals, stood at 90.305, up 0.2% on the day, after dipping as low as 90.128 for the first time since Feb. 26 earlier in the session. “The more erratic the recovery on the U.S. labour market, the longer the Fed will take to consider rate steps,” Commerzbank strategists said in a note However, the dollar’s losses were broadly
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- 4/19/24 - Form 424B2
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- 4/19/24 - Form 424B2
- JPM's page on the SEC website