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Institution Predicts Non-Farm Payroll Data to be Hot This Week, Dollar May Receive Support
Summary: According to sources, Monex Europe analysts reported that if the non-farm payroll data released on Friday exceeds expectations, the dollar may receive some support. Analysts believe that the August data will show that the labor market remains relatively stable, with a higher likelihood of data being hot. This may shift market focus back to inflation ...
According to sources, Monex Europe analysts reported that if the non-farm payroll data released on Friday exceeds expectations, the dollar may receive some support. Analysts believe that the August data will show that the labor market remains relatively stable, with a higher 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 cut rates for the entire year, prompting an increase in rate hike expectations and strengthening the dollar.
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Link: Institution Predicts Non-Farm Payroll Data to be Hot This Week, Dollar May Receive Support [Copy]
