Odaily News XT Research Institute stated that at 20:30 on June 7, 2024, Singapore time, the U.S. Department of Labor will release the following data: U.S. unemployment rate in May, U.S. personal spending monthly rate in April, and U.S. seasonally adjusted non-farm payrolls in May (10,000 people). Among them, the U.S. unemployment rate in May has the greatest influence and is the most important. The market generally expects that the Federal Reserve will cut interest rates when the U.S. unemployment rate reaches 4%. The impact of the data will be transmitted to the U.S. dollar index, U.S. Treasury yields and interest rate cut expectations, and may be transmitted to risk markets and cryptocurrency markets. The impact of the data is mainly reflected in the fact that the previous value of the data was 3.9%, and the forecast value was also 3.9%. The published value is greater than the expected value, which is bearish for the U.S. dollar and bullish for non-U.S. currencies. Bearish for Treasury yields. Bullish for interest rate cut expectations, bearish for interest rate hike expectations. Bullish for risk markets and virtual currency markets (data source: Jinshi Data)