TechFlow News: On February 12, according to JIN10 Data, the U.S. nonfarm payrolls report released on Wednesday—surpassing expectations—spurred only a brief, modest rise in the U.S. dollar, which subsequently gave back those gains. Mohamed Al-Sarraf, analyst at Danske Bank, noted that the dollar’s failure to sustain its rally reflects the market’s entrenched “sell-the-rally” mentality. “We believe this report is insufficient to mark a turning point for the dollar’s macro outlook,” Al-Sarraf stated. The annual benchmark revision to nonfarm payroll data was sharply downward, continuing to signal a structural slowdown in job growth—projecting an average monthly gain of just 15,000 jobs in 2025, down significantly from 122,000 in 2024. Furthermore, President Trump cited the robust data to call for further rate cuts, intensifying market concerns over the Federal Reserve’s independence.
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