(Reuters) - A surprisingly robust employment report for June late last week dashed some of the remaining expectations that the Fed would cut the funds rate from the current 5.25 percent later this year.
Still, the data was not enough to make market participants believe that the dollar's yield advantage against the euro will stop narrowing or that yield gaps between the dollar and higher-yielding currencies, such as sterling, will stop widening.
Read more at Reuters.com Hot Stocks News
Still, the data was not enough to make market participants believe that the dollar's yield advantage against the euro will stop narrowing or that yield gaps between the dollar and higher-yielding currencies, such as sterling, will stop widening.
Read more at Reuters.com Hot Stocks News
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