The U.S. dollar traded lower against all of the major currencies this past week on the lack of consistently positive data. Big disappointments in GDP and a steep decline in durable goods raised concerns about the strength of the U.S. recovery. The majority of market participants don’t expect the Fed to raise interest rates until the second half of next year but after this week’s reports, the odds of a rate hike in June 2015 fell to 50% from 60% a week ago.
Non-Farm payrolls are scheduled for re…
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