TechFlow, July 1 - According to Jinshi Data, due to uncertainties surrounding U.S. trade and fiscal policies, the dollar has fallen to its lowest level since February 2022. The reciprocal tariffs paused by former U.S. President Trump are set to expire on July 9. Meanwhile, the U.S. Senate is conducting a marathon voting session on Trump's tax and spending bill. Ahead of key U.S. labor market data releases this week, investors have become more cautious. These include the JOLTs job openings data scheduled for release on Tuesday and the non-farm payrolls report on Thursday. Deutsche Bank analyst Volkmar Baur said in a report that data significantly below expectations would increase the likelihood of a Fed rate cut in July and could further weaken the dollar.
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