Investors cautiously monitor key data as the dollar consolidates sideways
According to Jinshi reports, the dollar is consolidating sideways as investors become more cautious ahead of key data releases in search of clues about the future path of U.S. interest rate cuts. The Federal Reserve's meeting minutes will be released at 3 AM Beijing time on Thursday. Chairman Powell has stated that another rate cut in December is not a certainty. However, the most closely watched data this week remains the delayed non-farm payroll data for September, which will be released on Thursday. Given the current mixed views in the market regarding whether the Federal Reserve will cut rates in December, the importance of this data is further highlighted.
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