💨 Abstract

The US dollar stalled near a seven-week high on Monday, as investors reassessed their positions following the strong U.S. jobs data and concerns over Middle East tensions. The Federal Reserve is now expected to cut rates by 25 bps in November instead of 50 bps, due to the jobs report. The dollar index slipped 0.07% to 102.46, after rising to 102.69

Courtesy: theprint.in

Summarized by Einstein Beta 🤖