US dollar retreats after mixed batch of data; yen modestly firmer

Category:Cross-Border
Updated:2023-10-04
News5

"This morning's services sector data helped soften expectations ahead of Friday's non-farm payrolls report, and we've seen a slight pullback in odds on another rate hike from the Federal Reserve before year-end. More broadly, the surge in Treasury yields, and the corresponding dollar rally, seems to be reaching exhaustion." - Corpay’s Karl Schamotta Reuters: US dollar retreats after mixed batch of data

Cross-Border
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