Weak Data Suppresses the U.S. DollarGoldOANDA:XAUUSDThorne-Hidden Concerns in the U.S. Economy: Weak Data Suppresses the U.S. Dollar 1. Cooling Labor Market U.S. companies laid off 153,000 workers in October (the highest for the same period in two decades), with the four-week average of weekly net layoffs reaching 11,250. A weak labor market reinforces the Fed’s rate-cut logic. -------------------------------------------------------------------------------- 2. Escalating Policy Uncertainty A government shutdown delayed the release of key economic data, resulting in a 1.5% loss in GDP and Q4 growth expectations revised down to -0.3%. Market confidence in an economic "soft landing" has wavered. -------------------------------------------------------------------------------- 3. Coexistence of Sticky Inflation and Weak Growth Core PCE remains at 2.6%, above the Fed’s target, forming an embryonic "stagflation" scenario that limits the central bank’s policy adjustment space. The U.S. dollar’s safe-haven appeal has weakened. Trading Strategy for EUR/USD buy：1.15900-1.16000 tp:1.16300-1.16500 sl:1.15500