The US dollar falls as the market focuses on non-key data to speculate on the Federal Reserve's rate cut path.
Jinse Finance reported that the US dollar exchange rate is declining, following the release of US economic data that may influence market expectations regarding the Federal Reserve's interest rate cut cycle. The ISM Manufacturing Survey will be released tonight at 11:00 PM, followed by the ISM Services Report on Wednesday. Other data this week includes Wednesday's ADP private employment report. Due to the recent US government shutdown, key employment and inflation data will not be released until after the Federal Reserve makes its policy decision on December 10, and the market expects the Federal Reserve to cut rates again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%
Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.
Up 14% since July! Forex options traders bet the Korean won rally will continue
Forex options traders are betting that the Korean won, which has been leading the Asian forex market since July, will continue its strong momentum.
Oppenheimer: Azure and M365 Commercial Edition expected to accelerate in fiscal 2027; Microsoft (MSFT.US) target price raised to $570
Oppenheimer raised Microsoft's target price from $515 to $570 and maintained its "Outperform" rating.
Crypto prices
More
