ChainCatcher News, according to Jinshi reports, Germany’s Commerzbank analyst Michael Pfister stated in a report that the better-than-expected US non-farm employment data prompted the market to lower expectations for Federal Reserve rate cuts, and the dollar remains high. However, US President Trump called for further rate cuts, which to some extent restrained a larger rise in the dollar. He pointed out that Trump’s stance contradicts traditional economic theory and may imply that the Fed’s future rate cuts will exceed current market expectations.
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