💨 Abstract

The dollar rebounded against major currencies on Friday following a subdued U.S. jobs report in October. The labor market remains solid, with the unemployment rate at 4.1%. The Federal Reserve's interest rate cut trajectory for this month is maintained. The euro and sterling weakened against the dollar. The focus shifts to the U.S. presidential election, with traders treating the jobs report as a temporary anomaly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖