 Dollar falls steeply in early US session following a disappointing non-farm payroll report that fell short of market expectations across key metrics including job growth, unemployment rate, and wage growth. DOW futures surge over 500 pts at the same time while 10-year yield dives through 4.5% mark. Despite the single month's data being insufficient for defining a trend, the NFP report has injected a fresh dose of optimism into the market, raising hopes that Fed might be more ready to start cutting interest rates this year. Currently, fed fund futures reflect a growing consensus among investors, with the probability of a rate cut in September rising to over 62%, up from 58% just a week earlier... |
