CNBC: U.S. dollar gains after jobs report, as Fed decision nears

“After being wrong-footed by communications in the last five decisions, investors are all-in on bets for a ‘hawkish cut’ — a drop in the policy rate accompanied by cautious guidance in the statement, dot plot, and press conference,” said Karl Schamotta, chief market strategist, Corpay in Toronto. “This is seen keeping front-end U.S. yields well supported and preventing an erosion in the dollar into year-end,” he added.

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