Market News
Dollar weakens amid soft labor US data - REUTERS
By Saqib Iqbal Ahmed and Chibuike Oguh
Summary
- Dollar slips for second straight session
- Bank of England holds rates in knife-edge vote
- Cost cutting, AI lead to surge in planned US layoffs in October
- Norges Bank held rates at 4%, citing inflationary pressure
NEW YORK, Nov 6 (Reuters) - The U.S. dollar fell against the euro and Swiss franc for a second straight session on Thursday as data showed weakness in the U.S. labor market, increasing expectations of another rate cut this year.
Meanwhile, sterling rose after the Bank of England kept rates unchanged ahead of this month's budget. The central bank had been expected to leave rates unchanged, although markets had attached a one-in-three chance of a cut earlier on.
