The dollar may fall further as U.S. non-farm employment data falls short of expectations

According to ChainCatcher, Mitsubishi UFE analyst Lee Hardman said the dollar could fall further if U.S. non-farm employment data released on Friday is far weaker than expected. He noted that the underexpected employment report would strengthen market expectations, prompting the Federal Reserve to resume interest rate cuts at its September meeting and could cut interest rates by 50 basis points at one time. Currently, the market generally expects a 25 basis point interest rate cut this month, and the cumulative rate cut will exceed 100 basis points by September next year.