According to Mars Finance, citing Jinshi News, the US dollar is declining, and previously released US economic data may influence market expectations regarding the Federal Reserve's interest rate cut cycle. The ISM Manufacturing Survey will be released tonight at 11 PM, followed by the ISM Services Report on Wednesday. Other data this week includes Wednesday's ADP Private Employment Report. Due to the recent US government shutdown, key employment and inflation data will not be released until after the Federal Reserve makes its policy decision on December 10th, and the market expects the Fed to cut interest rates again.
The dollar fell as markets focused on non-key data to speculate on the Federal Reserve's interest rate cut path.
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