Non-farm data unexpectedly rises, the US dollar index breaks down and falls, gold surges briefly

2025-12-16 14:00:20

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【Crypto World】US November employment data has just been released, and the market reaction has shown an interesting divergence. The unemployment rate stands at 4.6%, the highest level since September 2021, significantly exceeding expectations. At the same time, non-farm employment also showed a counterintuitive move—adding 64,000 jobs, surprisingly higher than the market consensus.

As soon as this data was released, US stock index futures immediately turned upward. But what’s even more interesting is the trend of other assets. Non-USD currencies collectively strengthened, with the euro against the dollar breaking through 1.1791, rising over 10 points; GBP/USD surged to around 1.3452, nearly a 20-point increase. In contrast, USD/JPY was hammered down, falling 30 points to 154.39.

The most direct indicator is the US Dollar Index (DXY), which fell below the 98 level for the first time since October 6, indicating significant dollar pressure. Amid rising risk aversion, spot gold also moved higher, rising $5 in the short term to a high of $4,306 per ounce. This wave of market reaction from data to price movements actually reflects a re-pricing of the market’s expectations regarding the Federal Reserve’s policy space.

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All-InQueen

· 12-19 10:34

Non-farm payrolls were unexpected, but the dollar broke 98. This wave of market movement is indeed a bit counterintuitive.

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Hash_Bandit

· 12-16 14:29

nah the fed's difficulty adjustment ain't working out like they calculated... unemployment creeping up while jobs come in hot, that's some conflicting hashrate signals right there fr

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GamefiGreenie

· 12-16 14:24

Non-farm data is quite interesting, has the dollar broken 98? Is gold surging again? The combination of the dollar falling and gold rising... feels like it's paving the way for a rate cut? Wait, unemployment rate rises but unemployment beats expectations? The market's reaction is really a bit surreal. It's time to reprice again, and the room for this move is back. Gold is a bit more stable now, much more reliable than the crypto space.

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MEVEye