Short

Will the dollar continue to fall?

Updated

Market trends and analyst Ang Kar Yong, according to the CME Fed watch Tool, the market currently expects the Fed to cut interest rates in September with a probability of nearly 100%. Overall, the market expects the Fed to cut interest rates twice before the end of the year. If the July non-farm report is lower than market expectations, the unemployment rate rises and/or average income growth slows, the probability of the Fed cutting interest rates more than twice before the end of the year will increase.

This will undoubtedly bring additional bearish pressure to the US dollar index.

Note

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Non-agricultural data will be released soon. If you have any ideas, please leave your opinions in the comment section.

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The US dollar and gold are going in both directions. What do you think about this situation? You can discuss with each other in the comment group.

David_strategy

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