Deep Tide TechFlow News, February 12 — According to Jintiao Data, after the unexpectedly strong U.S. non-farm payroll report was released on Wednesday, the dollar only saw a brief slight increase before giving back its gains. Danske Bank analyst Mohamed Al-Sarraf pointed out that the dollar's failure to sustain its rally reflects the market's persistent "sell on rallies" tendency. "We believe this report is not enough to mark a turning point in the dollar's macro outlook," Al-Sarraf said. The non-farm payroll annual benchmark data was significantly revised downward, still indicating a structural slowdown in employment growth — with an average of only 15,000 new jobs per month in 2025, a sharp decline from 122,000 in 2024. Additionally, President Trump cited strong data to call for further rate cuts, intensifying market concerns over the Federal Reserve's independence.
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Deep Tide TechFlow News, February 12 — According to Jintiao Data, after the unexpectedly strong U.S. non-farm payroll report was released on Wednesday, the dollar only saw a brief slight increase before giving back its gains. Danske Bank analyst Mohamed Al-Sarraf pointed out that the dollar's failure to sustain its rally reflects the market's persistent "sell on rallies" tendency. "We believe this report is not enough to mark a turning point in the dollar's macro outlook," Al-Sarraf said. The non-farm payroll annual benchmark data was significantly revised downward, still indicating a structural slowdown in employment growth — with an average of only 15,000 new jobs per month in 2025, a sharp decline from 122,000 in 2024. Additionally, President Trump cited strong data to call for further rate cuts, intensifying market concerns over the Federal Reserve's independence.