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Analyst: Weak Labor Market May Limit Dollar's Rise, Investors Remain Cautious
Summary: According to sources, Rania Gule, an analyst at XS.com brokerage, stated that unless Friday's non-farm payroll report exceeds expectations, the current upward momentum of the dollar may be limited and temporary. She noted that the dollar is in a 'fragile position' and any further signs of weakness in the labor market could push it lower. ...
According to sources, Rania Gule, an analyst at XS.com brokerage, stated that unless Friday's non-farm payroll report exceeds expectations, the current upward momentum of the dollar may be limited and temporary. She noted that the dollar is in a 'fragile position' and any further signs of weakness in the labor market could push it lower. Despite recent soft data, the dollar has seen a slight increase, reflecting investors' preference to remain cautious until the outlook becomes clearer.
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Link: Analyst: Weak Labor Market May Limit Dollar's Rise, Investors Remain Cautious [Copy]
