Viewpoint: The market is concerned about the prospect of the Fed's interest rate cut, and this week's non-farm data may provide support for the US dollar index
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Planet Daily News: Due to concerns about the prospects of interest rate cuts, the US Dollar Index DXY fell to a three-year low again on Monday. However, Francesco Pesole from ING Group stated that the upcoming US economic data might limit the dollar's decline, as these data could prompt investors to reduce their bets on interest rate cuts. He said that Thursday's non-farm employment report might show a gradual slowdown in employment growth, but not enough to trigger significant bets on a July rate cut. Inflation could also rise in the coming months. "The dollar should see some short-term support." (Jinshi)
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