For Citigroup and JPMorgan Chase, which have made bold bets on a 50 basis point rate cut in September, Friday's U.S. non-farm payrolls data will be their biggest test, Golden Finance reported. For more than a year, foreign exchange traders have never been so excited before the release of the U.S. employment report. On the eve of the release of the key non-farm payrolls data, options used to measure the trend of the U.S. dollar against major trading partners hit their highest level since March 2023. Risk reversal data showed that the U.S. dollar was pervasive with bearish sentiment. Since the release of the weaker-than-expected July non-farm payrolls data on August 2, Citigroup and JPMorgan Chase have been predicting that the Federal Reserve will cut interest rates by 50 basis points in both September and November, and by 25 basis points in December. Interest rate swap contracts show that the probability of a sharp 50 basis point rate cut by the Federal Reserve at its September 17-18 meeting is about 35%, but traders and economists believe that a 25 basis point cut is the most likely. #美联储何时降息？ #BTC走势分析 #Telegram创始人获保释 #新币挖矿DOGS #BTC☀