Pair bottomed at a low of 0.8375 and then recovered above 0.8400 but holds daily losses. US August NFPs came in lower than expected, following this weak labor market data trend. Investors might bet on a bigger cut in September from the Fed. The upside, however, is limited as the US reported weak labor market figures.
Following the data, based on the CME FedWatch tool, the likelihood of a 0.50% rate cut by the Federal Reserve at its September 18 meeting remained steady at around 40%, but what it a done deal is that the easing cycle will start in that month, with a 25 bps cut. Incoming data will justify or not a bigger cut.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: