Dollar gets smoked ahead of nonfarm payrolls
From Investing.com:
The Dollar falls sharply ahead of US employment report, as Yen stages a comeback and Euro rises. Gold and stocks continue to reach new record highs amidst the ongoing rally. The US jobs report is projected to show steady growth in nonfarm payrolls but a slight slowdown in wage growth. Speculation around a possible rate increase by the Bank of Japan is supporting the Yen, while the Euro gains after the ECB hints at a potential rate cut in June. Gold hits new all-time highs, driven by central bank purchases and Chinese consumer demand, while stocks, including Nvidia, reach new record levels on Wall Street.
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