The US Dollar Index hovers near a two-week high, with the market awaiting the US August non-farm payroll report
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The US Dollar Index edged slightly lower near a two-week high, with the market focusing on the US August non-farm payrolls report, which will impact the Fed's interest rate cut decision in September. Analysis indicates that if the number of new jobs exceeds 150,000 and the unemployment rate falls to 4.2% or below, it will enhance confidence in an economic soft landing and solidify expectations of a rate cut. Currently, the market expects a higher probability of a 25 basis point rate cut, but the probability of a 50 basis point cut is 33%
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