Institutions predict this week's non-farm payroll data will be strong, potentially supporting the US dollar

ChainCatcher news, according to Golden Ten Data, analysts at Monex Europe stated in a report that if the non-farm payroll data released on Friday exceeds expectations, the US dollar may receive some support as a result. The analysts believe that the August data will show the labor market remains relatively robust, with a higher likelihood of hotter-than-expected figures. This could shift the market's focus back to inflation risks, as the August inflation data will be released before the Federal Reserve's September meeting. If the Federal Reserve places greater emphasis on inflation risks, it may not be able to implement rate cuts for the entire year, which would prompt the market to raise interest rate expectations and strengthen the US dollar.