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The dollar weakened further as markets digested the latest nonfarm payrolls data. Despite strong job growth in October, the U.S. unemployment rate rose, which may support market expectations that the Federal Reserve will start cutting interest rates next year. In a report on labor data, Bank of America economists said we still think the Fed will start cutting rates next December.

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【Bank of America still thinks the Fed will start cutting rates in next December】The dollar weakened further as markets digested the latest nonfarm payrolls data. Despite strong job growth in October, the U.S. unemployment rate rose, which may support market expectations that the Federal Reserve will start cutting interest rates next year. In a report on labor data, Bank of America economists said we still think the Fed will start cutting rates next December.

Bank of America still thinks the Fed will start cutting rates in next December

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