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Dollar Index hits weekly lows: layoffs boost expectations of rate cuts, liquidity signals worth monitoring

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[BiTu] The US dollar index fell to a low point this week, and investors are still pondering the not-so-encouraging private employment data from a few days ago. The surge in October layoffs has increased market expectations that the Federal Reserve will cut interest rates again in December.

During the government shutdown, official data was unavailable, so everyone can only rely on private sector reports for judgment. Analyst Chris Turner from ING offered an interesting observation — the dollar’s weakness might also be related to improved liquidity in the currency markets. The Federal Reserve’s overnight repurchase facility (SRF) borrowing has dropped to zero, whereas just a week ago, there was $50 billion in usage.

These signals combined are not bad news for risk assets.

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rug_connoisseurvip
· 11h ago
Betting against the US dollar and going long.
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NightAirdroppervip
· 12h ago
The Fed really isn't working well anymore.
View OriginalReply0
Layer2Observervip
· 12h ago
Data is hard to lie about.
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AirdropHuntressvip
· 12h ago
Bear Market get on board
View OriginalReply0
GasFeeAssassinvip
· 12h ago
Looking forward to a bull run next year
View OriginalReply0
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