The U.S. unemployment rate in March was 4.3%, lower than expected, leading the market to reduce expectations of Federal Reserve interest rate cuts in 2026.

On April 3, the U.S. Department of Labor released employment data showing that the U.S. unemployment rate in March was 4.3%, below expectations and the previous value of 4.4%.

In addition, in March, seasonally adjusted non-farm payroll employment increased by 178,000, far exceeding the market expectation of 60,000, reaching the highest level since December 2024, with a significant improvement from last month’s employment “negative growth.”

After the data was released, the U.S. Dollar Index rose by about 12 points and peaked at 100.12. Meanwhile, traders reduced their bets on the Federal Reserve’s 2026 rate cuts.

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