The Dollar fell after a softer-than-expected U.S. labour market report raised the odds of a 50 basis point interest rate hike at the Federal Reserve on September 18.
The highlight of the week approaches in the form of the U.S. labour market report, where a surprise outcome can shake up markets ahead of the weekend.
Pound to Dollar Rate JOLTed Higher
- Category: USD
The wild ride in FX continues with the Dollar falling sharply following a U.S. labour market report that pointed to weakness in the U.S. job market.
After a poor August, the Dollar has roared back into life and is pushing the Pound lower again. One currency payment specialist thinks GBP/USD could go below 1.30.