Posted 3/3/2024, 6:00:00 AM
Dollar Weakens on Manufacturing Worries, Focus Turns to Services Data and Potential Fed Rate Cuts
- US Dollar weakened ahead of new week due to concerning forward-looking manufacturing data
- Markets focused on potential Fed rate cuts in June/July as yields decline
- US Dollar found support and Fed continues cautious rate cut approach
- Services PMI data next week important indicator after manufacturing contraction
- Key events ahead Services PMI, ECB meeting, non-farm payrolls (NFP)