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🇺🇸 U.S. November Employment Report Anticipated Amid Mixed Asian Currency Movements.
🇺🇸 The U.S. November employment report is set to be released later today, with Asian currencies showing mixed movements in early trading. Michael Wan, a foreign exchange analyst at Mitsubishi UFJ Financial Group, noted that if the non-farm employment data for November is disappointing and the unemployment rate rises, it could reinforce the Federal Reserve's dovish stance and potentially accelerate the sell-off of the U.S. dollar through the end of the year. Given the recent U.S. government shutdown, there may be concerns about the quality of the data, and the market should be prepared for fluctuations in interest rates and foreign exchange.
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