Normally, the rise and fall of the US dollar index and US stocks or the cryptocurrency circle should be opposite, but this September rate cut is very annoying, because a 25 basis point rate cut is considered a regular rate cut, which means that the US economy is still good, but a 50 basis point rate cut feels a bit like a recession.
So when the unemployment rate continued to rise, investors were actually a bit pessimistic, especially after the Sam rule was triggered, the US dollar index fell sharply, which is a kind of trading recession. Later, starting from yesterday's CPI data, it felt that the core CPI was still quite high, and inflation might still be quite troublesome, plus the fear of recession, so the expectation has been reduced from 50 to 25, but this reduction is due to the fear of inflation.
As of today, the retail data is good, and the manufacturing data is so-so, but it means that the possibility of a recession in the short term is lower, so the Fed does not need to aggressively enter a 50 basis point rate cut, which is relatively good for the US economy, so US stocks and#BTCand#ETHare all rising.
But because the probability of a 50 basis point rate cut has been reduced, and there is no possibility of a short-term economic recession, the Fed will most likely not cut interest rates aggressively, so the dollar has begun to rebound.