Money and business

After weak recruitment data, the dollar is declining to the lowest level against the yen


Decline Today, Wednesday, to its lowest level in a week against the Japanese yen after data that showed the shrinkage of employment in the American private sector, which strengthened the forecast for the Federal Reserve Reducing interest rates twice this year. It was They have expected an increase of (50,000) jobs after a height of (54,000) in August. "The reaction of the weak dollar is logical, especially after the large amendment to the month of August, and anxiety increases the slowdown in the economy than it was believed"." The dollar fell (0.8%) against the yen, registering (146.73) yen, and rose against the euro (0.2%) to (1.1754) dollars, while settling in front of the Swiss franc at (0.7966). (99%) For the possibility of reducing interest in October.

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