Institution: This week's non-farm payroll data is more likely to be hot
analysts at Monex Europe said in a report that if the non-farm data released on Friday is better than expected, the dollar may gain some support. "We believe that the August data will show that the labor market remains relatively stable, with a greater likelihood of data being hot." This may shift market focus back to inflation risks, as August inflation data will be released before the Fed's September meeting. If the Fed places more emphasis on inflation risks, it may not even be able to implement rate cuts throughout the year. This situation will prompt the market to raise interest rate expectations and push the dollar higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x UAI: Trade futures to share 200,000 UAI!
New spot margin trading pair — KITE/USDT, MMT/USDT!
STABLEUSDT now launched for pre-market futures trading
The transaction fees for Bitget stock futures will be adjusted to 0.0065%
