EconomyUS employment falls unexpectedly, sending yen higher and dollar lower as rate-hike expectations recede
The United States has released employment data that can affect exchange rates and stock prices. Employment outside the agricultural sector declined in July, contrary to market expectations, and the drop was substantially larger than anticipated. Expectations that the Federal Reserve would move quickly to raise interest rates have eased. The yen has consequently strengthened while the dollar has weakened.
US employment falls unexpectedly, sending yen higher and dollar lower as rate-hike expectations recede
Economy