Prior to the release of non-farm payroll data, the demand for hedging against fluctuations in the US dollar has increased. Waller has downplayed forward guidance, greatly enhancing the importance of economic data.

Zhitong Finance APP learned that as the U.S. non-farm payroll report for July is set to be released, traders are intensifying their hedging against dollar volatility risks. Due to Fed Chair Waller downplaying forward guidance, the uncertainty regarding future monetary policy has significantly increased, making every important economic data release a key factor influencing the dollar's movement.