Meanwhile, US inflation print released during the week prompted further pain for the greenback. In the recent Beige book survey, the Federal Reserve said the US economy has shown an overall increase in activity since late May, though most regions expect the pace of expansion to weaken.
Bets on US Federal Reserve rate hike in October fall as job market cools
Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a
October 2, 2026