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Mitsubishi UFJ: Non-farm Payroll Data Deterioration Could Accelerate Dollar Selling by Year End
Summary: According to reports from FXStreet, the US November employment report is set to be released later today, with Asian currencies showing mixed movements in early trading. Mitsubishi UFJ Financial Group forex analyst Michael Wan stated that if the November non-farm payroll data disappoints and unemployment rates rise, this could strengthen the Fed's dovish stance and ...
According to reports from FXStreet, the US November employment report is set to be released later today, with Asian currencies showing mixed movements in early trading. Mitsubishi UFJ Financial Group forex analyst Michael Wan stated that if the November non-farm payroll data disappoints and unemployment rates rise, this could strengthen the Fed's dovish stance and potentially accelerate dollar selling until the end of the year. Given the recent US government shutdown, there may be concerns about data quality, prompting markets to prepare for fluctuations in interest rates and foreign exchange.
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Link: Mitsubishi UFJ: Non-farm Payroll Data Deterioration Could Accelerate Dollar Selling by Year End [Copy]
