The US unemployment data is positive and interest rates are being lowered! The US dollar plunges and Chinese assets soar! Data shows that the number of people applying for unemployment benefits for the first time in the US last week was 231000, reaching a new high since the week of August 26, 2023, with a previous expectation of 215000 people. After the data was released, the US dollar index fell and international gold and crude oil prices surged. Most popular Chinese concept stocks have strengthened, with the Nasdaq China Golden Dragon Index (HXC) rising more than 1%, Zaiding Pharmaceutical rising more than 25% at one point, and Huya Live rising more than 5%. Some analysts suggest that the number of first-time jobless claims in the United States reached a new high last week, consistent with signs of a gradual cooling in the labor market. The weakening of the labor market momentum has brought the Federal Reserve's two interest rate cuts this year back to the negotiating table. Financial markets expect the Federal Reserve to begin its easing cycle in September.