Weak US Data Boosts Fed Cut Bets, Dollar Slides

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Weaker-than-expected U.S. economic data, with the May ISM Services Index dropping and ADP employment rising by only 37,000 jobs, both missing forecasts, drove down bond yields and the dollar as markets anticipated a softer Federal Reserve stance on rate cuts, with 57bps of cuts priced in for 2025.
Video Length: 00:01:21
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