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- 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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If delivery is unavailable, th
Weak Jobs = Dollar Drop? The U.S. Data Review Could Change Everything
Commerzbank has just dropped a pump: US employment data could be weaker than we think. Thu Lan Nguyen, head of foreign exchange research at the entity, warns that there is something fishy going on.
What is coming on September 9:
Why should it matter to you?
Weak data = possible pressure for the Fed to lower rates = weaker dollar = BTC and altcoins in bullish mode. It's the equation we all know.
But here comes the juicy part: there is speculation about whether the dismissal of the head of statistics affected data collection. That sounds like a conspiracy, but Commerzbank is serious about it.
The trap: Given the current political pressures, any surprisingly strong number should be viewed with suspicion. Real or made-up?
TL;DR: The employment review could validate that the U.S. labor market is weaker than reported. Bad for the dollar, potentially good for crypto. Keep an eye out on September 9.