United States Baker Hughes US Oil Rig Count declined to 499 from previous 506

May 3, 2024

Mexican Peso struggles as US economic data fuels Fed rate cut speculation

The Mexican Peso failed to hold to earlier gains versus the US Dollar on Friday after a softer-than-expected employment report in the United States (US) reignited speculation that the Federal Reserve (Fed) might lower interest rates as the jobs market weakened.

Dow Jones Industrial Average climbs over 400 points on volatile NFP Friday

The Dow Jones Industrial Average (DJIA) climbed 1.15% on Friday after a broad miss from US Nonfarm Payrolls (NFP) and other key labor data revealed a steep weakening in the US domestic economy, sparking increased bets of rate cuts from the Federal Reserve.