Faxing Bank: If the labor market cools down, it will provide support for the Federal Reserve's interest rate cuts and the weakening of the US dollar

Odaily Planet Daily News: Faxing Bank stated in a report that the upcoming release of US economic data may confirm that the job market is steadily cooling and provide support for the Federal Reserve's interest rate cuts and the weakening of the US dollar. If the trend is towards a gradual relaxation of the labor market, it will point to a rate cut, but not at the current expected pace, "said a foreign exchange strategist at Societe Generale. They said that this may inject some volatility into the foreign exchange market, but the bank still recommends selling US dollars in any rebound unless the job market completely stops easing. (Golden Ten)