News

10 Jun 2025

The dollar rises on optimism over trade talks; the British pound falls due to weak employment data

The U.S. dollar rose on Tuesday, supported by signs that tensions between China and the United States—the world’s two largest economies—may be easing, as trade talks continued for a second day. The dollar climbed 0.3% to 99.210, though it remained near six-week lows recorded last week.

The GBP/USD fell by 0.6% to 1.3472 after UK labor market data showed a continued rise in the unemployment rate, adding to signs of a slowdown in the job market and increasing the likelihood of further interest rate cuts by the Bank of England

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