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Dollar weak as cracks in US labour market spur rate cut bets

short by / on Thursday, 4 September, 2025
The US dollar softened on Thursday in a volatile week as investors contended with bond market jitters while weighing data that showed a weakening labour market, which reinforced expectations the Federal Reserve will cut rates this month. With the Fed eyeing jobs, Friday's report will shape rate outlook after July openings hit a 10-month low while layoffs stayed low.