United States Baker Hughes US Oil Rig Count remains at 499

Feb 2, 2024

US Dollar edges lower following strong NFPs

The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by a promising labor market report that has convinced markets a March rate cut is not in the cards.

AUD/USD tumbles following US jobs report, RBA decision awaited

The AUD/USD plunged more than 0.90% on Friday after a robust US Nonfarm Payrolls report triggered a jump in US Treasury yields as investors disregarded a rate cut by the Federal Reserve in March.