Have all Hopes of a Fed Rate Hike Now Evaporated?
A gauge of the dollar partially rebounded after incurring its biggest loss since February Friday on weaker-than-forecast payrolls data that doused speculation the Federal Reserve will raise interest rates in the coming months. The U.S. currency remained near a three-week low against major peers touched Friday, when a Labor Department report showed employers in May added the least number of workers in almost six years. The Bloomberg Dollar Spot Index fell 1.6 percent in the five days ended June 3, halting a four-week rally that helped boost bullish bets on the greenback the highest since March. Hassium Asset Management CEO Yogi Dewan discusses Brexit with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.