Lates News

Mitsubishi UFJ foreign exchange analyst Lee Hardman said that investors' confidence in the Federal Reserve cutting interest rates in December is gradually weakening after the US Labor Department announced the cancellation of the October non-farm payrolls report. Meanwhile, the Labor Department also postponed the November non-farm report to December 16th, meaning that the Federal Reserve will only have today's September non-farm employment report to base its decision on in December. The uncertain health of the labor market in October and November may prompt the Federal Reserve to adopt a more cautious strategy and pause the rate cut in December. Therefore, the September non-farm report released today must be significantly below expectations to encourage market participants to increase their bets on a rate cut by the Federal Reserve in December, thereby weakening the US dollar.