Dollar falls to 3-month low as Bitcoin lags gold after weak payrolls

The dollar slid to a three-month low on Monday after U.S. payrolls fell by 23,000 in July, prompting traders to back away from expectations that the Federal Reserve would raise interest rates again. Bitcoin, which often benefits from a weaker dollar, was little changed and moved 0.7%, trailing gold’s stronger response. Over the past month, gold gained 9.3% while Bitcoin lost 0.8%. The source also said the Fed’s July vote was 9-3, with three officials wanting a hike, underscoring a policy split even as market conviction around further tightening faded.

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