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Strategist: The loss of credibility in U.S. employment data will exacerbate financial market Fluctuation.
On August 4, Trump fired the director of the U.S. Bureau of Labor Statistics last week on the grounds of "manipulating" data, and since then, skepticism in the currency market has continued to rise. Kieran Davis, Chief Macro Strategist at Coolabah Capital, stated that further downgrades of U.S. employment growth data could further anger Trump. Davis warned that the government has yet to appoint a replacement commissioner, but if the data is actually manipulated or perceived by the market as being manipulated (for example, by stopping the release of certain data based on environmental and health statistical experience), this would increase the volatility of financial markets. ( Jin10 )