Дollar falls to three-month low after weak US jobs data

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BeInCrypto

The dollar slipped to its weakest level in three months after U.S. payrolls fell by 23,000 in July and May and June were revised down by a combined 103,000, while retail sales dropped 0.6% to $763.6 billion and consumer prices rose 3.4% year-on-year with core inflation at 2.5%. Traders cut the odds of a September Fed rate increase to about 30% from roughly 75%, lifting gold (up 9.3% in a month to $4,407 an ounce) while bitcoin moved only 0.7% amid thin trading; markets await FOMC minutes and PMI surveys for the next signal.

Traders now assign roughly 30% chance of a September rate hike.