Dollar Downturn: A Cautionary Tale for Side Hustlers The dollar's decline to a 7 week low last Friday has sent shockwaves through financial markets, sparking concerns about the Federal Reserve's interest rate hike plans.
The July payroll report was the catalyst for this downturn, with an unexpected decline in nonfarm payrolls and smaller than expected average hourly earnings.
This has reduced the chances of a Fed rate hike at next month's FOMC meeting to 44%.