European Open Preview – Dollar rally eases, looks to US jobs report for further impetus
Posted on May 3, 2019 at 8:07 am GMTUS dollar extends gains ahead of today’s nonfarm payrolls report Aussie hits 4-month low as odds rise of RBA rate cut next week Oil prices slump on oversupply concerns as US output continues to surge Dollar stands tall ahead of NFP report There was little to hold back the US dollar on Friday as recent solid US data and a not-so-dovish Fed have lessened the odds of a rate cut before the year-end. Investors sharply adjusted their rate cut bets [..]