Odaily星球日报讯 美国 10 月季调后非农就业人口录得 1.2 万人，为 2020 年 12 月来最小增幅。美元指数 DXY 短线下挫逾 30 点，现报 103.82。（金十）

非农就业人数大幅降温，美元指数DXY短线下挫逾30点现报103.82

Odaily Odaily reported that the seasonally adjusted non-farm payrolls in the United States in October were 12,000, the smallest increase since December 2020. The US dollar index DXY fell more than 30 points in the short term and is now at 103.82. (Jinshi)

Non-farm payrolls dropped sharply, and the US dollar index DXY fell more than 30 points in the short term and now reported 103.82

According to the report by Jinshu Data, Olivia Cross of Kaito Macro said in the report that the non-farm payroll number this week must see a "significant decline" for the Fed to cut rates by another 50 basis points next week.
Economists surveyed by The Wall Street Journal expect new job creation to slow to 100,000 from 254,000 in September due to the impact of hurricanes and strikes.
Cross said the data needs to be much lower than expected to prompt the Fed to be more dovish. On the other hand, Cross believes there are upside risks to inflation, which is another reason for the Fed to act cautiously.

Capital Economics: Non-farm payrolls need to fall sharply to prompt the Fed to cut interest rates by 50 basis points

The U.S. September core PCE price index year-on-year recorded 2.7%, unchanged from the previous month, and the U.S. September core PCE price index month-on-month was 0.3%, rebounding from the previous month (0.2%). The DXY dollar index rose 16 points in the short term, currently at 104.00. (Gold Ten)

The annual rate of core PCE in September was the same as that of the previous month. The US dollar index DXY rose by 16 points in the short term and now reported 104

On Wednesday, October 31, local time, the latest data released by the United States showed that the GDP growth rate in the third quarter slowed slightly and fell short of expectations, while the ADP employment data in the United States, known as the "mini non-farm", far exceeded expectations, reaching the highest level in more than a year. The data was mixed, reflecting the continued uncertainty in the US economic situation.

According to 4E monitoring, US stocks rose across the board in early trading, but then plummeted, with the Nasdaq falling 0.56% after hitting a new intraday high, the Dow Jones falling 0.22%, and the S&P 500 index falling 0.33%. Most of the "Tech Seven Sisters" and AI concept stocks fell. The cryptocurrency market saw a Trump trade boost, with Bitcoin retreating after approaching its all-time high, currently hovering around $72,245, down 0.23%, while Ethereum rose 0.71% to $2,652.

In the foreign exchange and commodity markets, the US dollar index briefly rose to a intraday high of 104.44 but then turned lower, closing down 0.17%, as the market lowered expectations of a significant rate cut by the European Central Bank in December, and the euro rebounded 0.35% against the US dollar. The uncertainty of the US election situation and the instability of geopolitics have led the market to build up defensive positions in gold, supporting the continued rise in gold prices, with spot gold hitting a new high on Wednesday and closing up 0.43%. US EIA crude oil inventories unexpectedly fell, and there were reports that OPEC+ may delay its oil production increase plan, leading international oil prices to close higher on Wednesday, with WTI crude oil up 2.31% and Brent up 2.3%.

The latest data shows that the US economic growth rate unexpectedly slowed, with inflation and consumption higher than expected. The more comprehensive and closely watched October non-farm payroll report will be released on Friday, and the market generally expects the Fed's rate cut pace will not change, with a further 25 basis point cut at the November 7-8 meeting. At the same time, the US election is entering a critical stage, with the latest polls showing voters tend to give Trump a better score on the economy, and global investors are betting on Trump's victory in next week's US election, but regardless of the outcome, the market will see greater volatility as election day approaches. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets, and has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.