The non-farm payroll announcement caused the US dollar index DXY to gap down 40 points, with traders betting on a 50-basis point rate cut by the Federal Reserve in September.

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ODAILY
08-02
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Odaily Odaily News: After the release of non-agricultural data, the US dollar index DXY gapped down 40 points and is now at 103.67. Traders increased their bets on the Fed's future sharp interest rate cuts. Traders bet that the Fed will cut interest rates by 50 basis points in September, after the unemployment rate rose to 4.3% in July. (Jinshi)

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