US Dollar Weakens Ahead of NFP: Market Eyes Backlash from Tariffs
The US Dollar has shown signs of weakness following disappointing ISM Services PMI figures and concerning sentiment around tariff impacts. With anticipation building towards the upcoming Nonfarm Payrolls and statements from Fed Chair Powell, market analysts are monitoring shifts closely.
The recent developments have raised concerns about stagflation, hinting at potential challenges for the Dollar against multiple currencies including GBP and EUR. Investors are gearing up for possible shifts in strategy.