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US dollar takes a big dive! Exhausted job data, market bets on the Federal Reserve will cut interest rates significantly.
The unexpected weakness in the US employment report has intensified market concerns about the economic outlook, leading traders to bet that the Fed will cut interest rates more significantly this year.
Weak Labour Market Sparks Simultaneous Sell-off in Equities and Dollar
"Sam's Rule" topped the American hot search! The US unemployment rate rose to 4.3%, and the "recession trade" is coming in fiercely.
Has the 'Sam rule' finally been triggered? Is the US 'economic recession' inevitable?
Global market earthquake! Will the release of the US non-farm data tonight sound the alarm for economic recession?
Is the Federal Reserve slow to cut interest rates?
Fed: Unchanged for Jul, While Powell Says Rate Cuts Could Come "as Soon as" Sep – UOB Group
Dollar Falls Ahead of Key U.S. Jobs Data -- Market Talk