Dollar slumps ahead of payrolls revisions, Powell speech

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The story "Dollar slumps ahead of payrolls revisions, Powell speech" was covered 13 hours ago by Channel News Asia, a news publisher based in Singapore.

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Dollar slumps ahead of payrolls revisions, Powell speech - Channel News Asia

Quick Summary:

NEW YORK : The dollar fell to its lowest level since January on Tuesday as investors awaited revisions to U.S.payrolls data on Wednesday and Federal Reserve Chair Jerome Powell's speech to the Jackson Hole economic conference in Wyoming later in the week.

Traders are speculating the revisions to the U.S.

Data showing the job market was weaker than previously thought could increase concerns the U.S.economy is facing a potentially worse downturn than the current expectation for a "soft landing" in which inflation is tamed without a recession.