The U.S. Dollar Index declined below 101.00 following disappointing ADP employment data, but a slight improvement in weekly jobless claims offered temporary relief.
Federal Reserve member Goolsbee indicated possible multiple rate cuts in the next year, cautioning against overemphasizing a single month's unemployment data.
The upcoming Non-Farm Payrolls report is expected to be a key market driver, with potential to either strengthen the dollar or heighten market volatility.
Market reactions depend heavily on the NFP report; closely aligned data will be neutral, while significantly weak reports could escalate concerns about the labor market.
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