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Markets and Finance
 
Dollar slides as US job data dents Fed tightening outlook; yuan on back foot
10-Dec-2018

The dollar slid almost half a per cent against the euro and the yen on Monday after soft US payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.The Chinese yuan dipped after weak trade and inflation data over the weekend, while the British pound hit an 11-week low against the euro as Prime Minister Theresa May's deal to exit the European Union looks set to be rejected by parliament on Tuesday.

News Source:- https://economictimes.indiatimes.com/markets/forex/dollar-slides-as-us-job-data-dents-fed-tightening-outlook-yuan-on-back-foot/articleshow/67019302.cms