According to Mars Finance, citing Jinshi, the US dollar is consolidating sideways as investors become more cautious ahead of key data releases, seeking clues about the future path of US interest rate cuts. The Federal Reserve meeting minutes will be released at 3:00 AM Beijing time on Thursday. Chairman Powell has stated that another rate cut in December is not a certainty. However, the most anticipated data this week remains the September delayed non-farm payroll data released on Thursday. Given the current market divergence regarding whether the Fed will cut rates in December, the importance of this data is even more pronounced.
Investors are cautiously watching key data releases, and the US dollar is consolidating sideways.
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