U.S. unemployment unexpectedly fell to 4.1%, and traders bet the Fed will stick with its 25 basis point rate cuts in November and December

According to BlockBeats, on October 4, the U.S. unemployment rate unexpectedly fell to 4.1%. After the strong employment data came out, traders expected the Federal Reserve to reduce interest rate cuts and stick to a 25 basis point rate cut in November and December. The Fed's next four meetings are expected to cut interest rates by less than 100 basis points.

USD/JPY rose 1.00% during the day and is now at 148.43. The US dollar index DXY rose more than 0.50% during the day and is now at 102.48. The Australian dollar AUD/USD touched 0.68, down 0.60% during the day. Spot silver fell more than 1.00% during the day and is now at $31.69/ounce. Spot gold fell back to below $2,640/ounce, down 0.61% during the day. (Gold Ten)