The US dollar weakened against major currencies on Wednesday. This happened after the United States indicated it is close to an agreement with Iran. Meanwhile, the Japanese yen continued to fall. US oil futures also dropped following these remarks. Markets are now awaiting US non-farm payrolls data. This will help determine the Federal Reserve’s next move on interest rates.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to