According to Mars Finance, as reported by Jin10, the dollar is consolidating sideways as investors become more cautious ahead of key data releases in search of clues about future US rate cuts. The Fed's meeting minutes will be released at 3 AM Beijing time on Thursday. Chairman Powell has stated that a rate cut in December is not guaranteed. However, the most closely watched data this week remains the September delayed US Non-farm Payrolls (NFP) data set to be released on Thursday. The importance of this data is further highlighted by the current mixed opinions in the market regarding whether the Fed will cut rates in December.
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Investors cautiously follow key data, the dollar is consolidating sideways.
According to Mars Finance, as reported by Jin10, the dollar is consolidating sideways as investors become more cautious ahead of key data releases in search of clues about future US rate cuts. The Fed's meeting minutes will be released at 3 AM Beijing time on Thursday. Chairman Powell has stated that a rate cut in December is not guaranteed. However, the most closely watched data this week remains the September delayed US Non-farm Payrolls (NFP) data set to be released on Thursday. The importance of this data is further highlighted by the current mixed opinions in the market regarding whether the Fed will cut rates in December.