The Dollar fell after a softer-than-expected U.S. labour market report raised the odds of a 50 basis point interest rate hike at the Federal Reserve on September 18.
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The highlight of the week approaches in the form of the U.S. labour market report, where a surprise outcome can shake up markets ahead of the weekend.
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The wild ride in FX continues with the Dollar falling sharply following a U.S. labour market report that pointed to weakness in the U.S. job market.
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After a poor August, the Dollar has roared back into life and is pushing the Pound lower again. One currency payment specialist thinks GBP/USD could go below 1.30.
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Pound Sterling weakness in September shows markets are nervous about strong U.S. data that would put to rest expectations for a 50 basis point rate cut from the Federal Reserve on September 18.
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Pound Sterling's uptrend against the Dollar could experience a deeper setback this week if U.S. labour market data beat expectations.
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The Dollar looks set to bounce back following a period of sustained losses, say strategists at HSBC, who think the Pound is particularly vulnerable.
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