The United States dollar is stable after weak employment data, and inflation data are of concern

According to Reuters, the United States dollar was stable on Monday, close to a two-month low, following weak employment data on Friday, and investors were waiting for inflation data this week to get clues about the Fed's interest rate hike. Data show that the United States economy lost jobs unexpectedly in July, and employment growth in the previous two months was sharply reduced, reducing market expectations of the Fed ' s interest rate hike. “This is a negative event for the dollar.” In his view, if CPI data were strong, the market would repricing interest rates. The futures market reduced the interest rate increase from 67 per cent to 44 per cent in September. The rate of return on United States Treasury debt declined significantly after the employment report, with a final report of 4.647 per cent on the benchmark of 10 years. The core CPI projects a 0.2 per cent increase in the ring ratio, which will decrease from 2.6 per cent to 2.5 per cent per annum. Small changes in the euro against the United States dollar amounting to US$ 1,1563, the yen depreciated to the United States dollar to 158.52, and speculators have reduced their bets on the yen to the largest in 12 years. Small changes in the United States dollar index, reported 99.62, increased the net multiple position of speculators against the United States dollar in the latest week, reaching their highest level since December 2022。