Ultima MarketsMarket hotspot: Amidst data divergence, the US dollar hit a two-week low

Due to the uncertainty of the Federal Reserve's policy adjustment, the US dollar fell to a two-week low against other major currencies. On Wednesday, Federal Reserve Chairman Jerome Powell（Jerome Powell）At Stanford Business School（Stanford Graduate School of Business）In a speech, it was emphasized that they need to wait for more relevant data before lowering interest rates.

Although the service industry has experienced a slowdown, private sector employment growth has exceeded expectations, which has brought divergent trends to the current economic situation in the United States. In addition, the number of initial claims for unemployment benefits has shown a significant increase, and tonight's non farm employment report brings uncertainty compared to private sector data.

(AUD/USD daily chart)

On the other hand, due to differences in monetary policy, the Australian dollar has gained momentum. The market generally expects that the Federal Reserve will start as early as6Monthly interest rate cuts, and the Bank of Australia is expected to11Maintain the policy unchanged before the month.

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