Quote:
Originally Posted by wynn
Since the market is looking towards tomorrow Non-Farm Payroll to show whether the US economy is recovering fast enough to avert a rate cut this month and possibly till December,or not,if the employment and NFP turn out to be disappointing for the US economy, how soon should we expect a rate cut.
Since other factors are showing that the US economy is not yet out of the wood.
And if the FED decides to cut rate again what effect do you foresee it will have on the USD.
Please your comments is highly welcome.
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The market is already expecting an approximately 50% chance of a 25 basis point Fed Funds rate cut on October 31. A disappointment in tomorrow's NFP's would only boost expectations for lower rates, and this would almost definitely sink the USD further.
