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TechFlow, Dec 17 — According to Jinshi News, the dollar index recovered losses following the release of non-farm payroll data. Antje Praefcke, analyst at Commerzbank, said in a report that although the dollar initially fell due to the data, markets "are not really following the trend of the Fed cutting rates again as early as January next year." The bar for another rate cut appears to have risen, allowing the dollar to regain some ground.
According to Jinshi, the dollar index recovered losses following the release of non-farm payroll data. Antje Praefcke, analyst at Commerzbank, said in a report that although the dollar initially declined due to the data, markets "are not really following through on expectations of another Fed rate cut as early as January next year." The bar for another rate cut appears to have risen, allowing the dollar to regain some ground.
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