Forex Top Story

Dollar Recovers After Sharp Plunge

The U.S. dollar rebounded after falling to a multi-month low against the yen in early trades and gained in strength against most of its rivals as the session progressed on Wednesday.

The dollar edged lower against major currencies earlier in the day after data showed job growth in the U.S. slowed much more than forecasts in May, triggering fears over a possible recession and expectations of a rate cut in near future.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Forex Top Story