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December Non-Farm Payrolls Data Coming: Federal Reserve's Easing Policy Continues, USD Faces Mild Positive Outlook
【Crypto World】The US non-farm payroll data for December is about to be released, and this report is particularly important for sorting out recent data chaos. After all, the government shutdown has muddled the statistical data.
According to foreign exchange analysts’ predictions, this employment report is unlikely to disappoint. The probability of the data improving is quite high, which gives the Federal Reserve a reason to keep its stance unchanged—loose policies are expected to last longer. Another variable is at the policy level; the Supreme Court is expected to make restrictive rulings on certain tariff measures, which will weaken the enforcement of tariff policies.
Considering these factors together, it is actually a mild positive for the US dollar. Although it won’t skyrocket, exchange rates and asset prices will definitely react. For crypto traders, this means that changes in the strength of the US dollar will directly affect the performance of major cryptocurrencies like Bitcoin, and should be closely watched.