Deep Tide TechFlow News, February 12, According to Jin10 Data, despite signs of resilience in the US labor market suggesting the Federal Reserve may keep rates steady for the long term, the US dollar remains weak. Corpay strategist Carl Shamota stated: “This indicates that the bearish sentiment is deeply rooted and serves as a warning to those of us who expect the US's strong fundamentals to provide support. By historical standards, the dollar's decline so far has been moderate, and if market sentiment does not change, there is still room for further downside.”
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Deep Tide TechFlow News, February 12, According to Jin10 Data, despite signs of resilience in the US labor market suggesting the Federal Reserve may keep rates steady for the long term, the US dollar remains weak. Corpay strategist Carl Shamota stated: “This indicates that the bearish sentiment is deeply rooted and serves as a warning to those of us who expect the US's strong fundamentals to provide support. By historical standards, the dollar's decline so far has been moderate, and if market sentiment does not change, there is still room for further downside.”