According to CoinMeta, the US dollar faced a crossroads before the release of the CPI report, while the Australian dollar was awaiting the interest rate decisions from the Australian Central Bank (RBA). On Friday, the US dollar weakened after the non-farm payroll report fell short of expectations, with the report showing negative wage growth and average hourly wages below forecast, leading to a re-pricing of market expectations for interest rates in a more dovish direction. The probability of a rate hike in September dropped from 54% to 38%. Although market pricing has since recovered, the likelihood of a rate hike in September has risen back to 48%. The unemployment rate has dropped to 4.1%, and the overall labor market performance is still better than in the past three years. The next important event will be the US CPI report on Wednesday, which is crucial for September's FOMC decision-making and the Jackson Hole Symposium. If the CPI data is strong, it could trigger a rebound in the US dollar, and traders may increase their bets on a rate hike. Conversely, if the data is weak, it could further reduce the risk of the Federal Reserve tightening policy and put pressure on the US dollar.