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Rabobank: Limited Downside for USD, Focus on Non-Farm Payrolls Report Impact
Summary: In breaking news, according to reports from FXStreet, analyst Jane Foley from Rabobank stated that the US dollar may react to Friday's non-farm payrolls report, which could solidify expectations of a rate cut by the Federal Reserve at the September meeting. While the employment report will set the tone for the markets in the coming ...
In breaking news, according to reports from FXStreet, analyst Jane Foley from Rabobank stated that the US dollar may react to Friday's non-farm payrolls report, which could solidify expectations of a rate cut by the Federal Reserve at the September meeting. While the employment report will set the tone for the markets in the coming weeks, a significant decline in the USD may struggle to extend beyond initial reactions, as rate cut expectations have already been priced in and the market is bearish on the USD. The bank maintains a mid-term target of 1.2 for the EUR/USD exchange rate, expecting the rate to gradually and slowly approach this level.
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Link: Rabobank: Limited Downside for USD, Focus on Non-Farm Payrolls Report Impact [Copy]
