According to Odaily, the Dollar Index (DXY) fell by 40 points following the release of non-farm payroll data, currently standing at 103.67. Traders are increasingly betting on significant rate cuts by the Federal Reserve in the near future. Specifically, there is a growing expectation that the Federal Reserve will reduce interest rates by 50 basis points in September. This sentiment has been fueled by the rise in the unemployment rate to 4.3% in July.