After the non-farm payroll data was released, traders bet that the Federal Reserve will cut interest rates by 50 basis points in September

ChainCatcher news, according to Jinshi reports, after the non-farm payroll data was released, the US Dollar Index DXY gapped down by 40 points, currently reported at 103.67.

In addition, traders have increased their bets on a significant rate cut by the Federal Reserve in the future, with traders betting that the Fed will cut rates by 50 basis points in September, following an increase in the unemployment rate to 4.3% in July.