Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Ahead of the employment report release later today, Asian currencies entered a consolidation phase during early trading. Carol Kong from CBA stated in a research report: "We expect the trend of lower-than-expected employment figures to continue, putting further pressure on the currency." The economist and strategist pointed out that further weakening of the labor market, combined with easing inflationary pressures, could "encourage" two more rate cuts this year.

Ahead of the employment report release later today, Asian currencies entered a consolidation phase during early trading. Carol Kong from CBA stated in a research report: "We expect the trend of lower-than-expected employment figures to continue, putting further pressure on the currency." The economist and strategist pointed out that further weakening of the labor market, combined with easing inflationary pressures, could "encourage" two more rate cuts this year.

汇通财经汇通财经2026/02/11 00:44
Show original
Ahead of the employment report to be released later today, Asian currencies entered a consolidation phase during early trading. Carol Kong from CBA stated in a research report: "We expect the trend of employment numbers coming in below expectations to continue, putting further pressure on the currency." The economist and strategist pointed out that further softening in the labor market, coupled with easing inflationary pressures, could "encourage" two more rate cuts this year.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

For the first time in nearly 30 years! 500 million euros equivalent deployed as funds, New York Fed report confirms joint Japan-US intervention in yen exchange rate

The New York Federal Reserve released a report on Thursday confirming earlier market news that the US Treasury used approximately 500 million USD equivalent in euros, which it holds, to support the Japanese yen in a coordinated intervention with Japan on July 31.

智通财经•2026/11/13 02:51