..US is heading towards recession, and the Fed rate cut has been brought forward by the market to September (from Nov) with prospect for 2 cuts this year.
..DXY crushed to 104.68.
..the market is looking at this in a positive light, when it reflects bad news for the economy. Suddenly it no longer looks as robust or resilient. But bad news is good news, for now.
April Payrolls Unexpectedly Plunge, Biggest Miss Since 2021 As Unemployment Rate Rises
