According to Mars Finance, the non-farm payroll report for September shows an unexpected rise in the unemployment rate, leading to a continuation of the dollar's weakening trend, as reported by Jin10. Analysts at Danske Bank pointed out that this rise in the unemployment rate is due to an increase in labor supply, which has eased the tightness in the labor market and boosted expectations for a rate cut by the Fed, causing a slight decline in U.S. Treasury yields and the dollar. However, analysts emphasized that this data is not yet strong enough to constitute a clear signal for the Fed to cut rates, and it is expected that the Fed will hold steady in December, with the current market pricing the probability of a rate cut at around 32%.
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