The US dollar index quickly experienced a V-shaped reversal after the release of the US non-farm payroll report, with six major behaviors "warming up" for next week's Bank of Canada policy meeting

On Friday (December 6), at the New York close, the ICE Dollar Index rose by 0.24%, reporting 105.968 points. After the release of the U.S. non-farm payroll report for November at 21:30 Beijing time, it significantly plunged, quickly forming a sharp V-shaped reversal at a low of 105.420 points, refreshing the daily high to 106.159 points at 03:16. This week, it accumulated a rise of 0.22%, with an overall trading range of 106.731-105.420 points.
The U.S. dollar rose by 0.96% against commodity currencies, with a cumulative increase of 1.02% this week, significantly boosted on non-farm night (when the Canadian employment report was also released).
After the release of Canadian employment data, the six major banks in the country unanimously believe that the Bank of Canada will cut interest rates by 50 basis points next week