Market Analysis: Disappointing US Employment Data Will Intensify Market Volatility
According to Jinse Finance, last week, Trump dismissed the head of the U.S. Bureau of Labor Statistics on the grounds of "manipulating" data, further fueling skepticism in the currency markets. Kieran Davies, Chief Macro Strategist at Coolabah Capital, stated that any further downward revision of U.S. employment growth data could further enrage Trump. Davies warned that the government has yet to appoint a replacement commissioner, but if the data is actually manipulated or perceived by the market as being manipulated (for example, by ceasing to publish certain data based on environmental and health statistical expertise), this would increase volatility in the financial markets. (Jin10)
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