Societe Generale: If the labor market cools, it will support the Fed's rate cuts and a weaker dollar

Odaily Odaily News: Societe Generale said in a report that upcoming U.S. economic data may confirm that the job market is steadily cooling and provide support for the Fed's rate cuts and a weaker dollar. "If the trend is that the labor market is gradually easing, then it will point to rate cuts, but not at the rate currently expected," said Societe Generale foreign exchange strategists. They said this could inject some volatility into the foreign exchange market, but the bank still recommends selling the dollar on any rebound unless the job market stops easing completely. (Jinshi)