The US dollar started the week lower.
This drop happened ahead of important labor market data from the US.
Other data expected this week includes inflation and growth figures from the euro zone.
Despite the decline, the dollar is set for its largest monthly gain in about 2.5 years.
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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