The US dollar experienced a decline from its two-month peak but remained poised for a second consecutive weekly gain. This movement was driven by growing speculation that the Federal Reserve may expedite rate cuts following signs of labor market instability.
A sharp increase in new unemployment claims was recorded last week, with factors such as Hurricane Helene and furloughs at Boeing, due to the ongoing strike, contributing to the rise. These developments signal economic disruptions that may prompt the Fed to reconsider its monetary policy timeline.
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