Institutions: Unless tomorrow's non-farm payrolls show significant weakness, the US dollar will remain strong.

robot
Abstract generation in progress

Mars Finance News, on March 5th, strategists at TD Securities noted in a report that unless Friday’s U.S. non-farm payroll report shows a significant slowdown, it is unlikely to have a major impact on the dollar. They stated that U.S. economic data may take a backseat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserve’s ability to cut interest rates this year. The strategists said, “You need to see a much worse report and an increase in the unemployment rate to refocus the market on this week’s non-farm data and reverse recent price trends.” They believe that given the U.S. energy independence and the reduced prospects for rate cuts, if oil prices stay high, the dollar should remain strong. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin