Analyst: Weak non-farm data may prompt the Federal Reserve to cut interest rates by 50 basis points in September

ChainCatcher news, according to Jinshi reports, Mitsubishi UFJ analyst Lee Hardman stated in a report that if the U.S. non-farm payroll data released on Friday is significantly weaker than expected, the dollar may decline further.

He pointed out that a disappointing employment report would strengthen market expectations, prompting the Federal Reserve to resume interest rate cuts at the September meeting, potentially cutting rates by 50 basis points at once. Currently, the market generally expects a 25 basis point cut this month, with a cumulative reduction of more than 100 basis points before September next year.