US Payrolls Surge Reshapes Fed Policy, Bolsters Dollar, Weakens Asia FX
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币界网报道：U.S. payrolls surged by 272,000 in May, far exceeding expectations and reshaping Fed policy outlooks. The strong labor data bolstered the dollar while weakening Asian currencies, as traders scaled back bets on imminent Fed rate cuts. Analysts now expect fewer cuts this year, with some predicting just one reduction in December. The yen hit a 34-year low against the dollar, prompting Japan to consider intervention. Emerging Asian currencies like the Thai baht and Indonesian rupiah also declined. The robust jobs report suggests persistent inflation pressures, delaying potential Fed easing and maintaining dollar strength in global markets.
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