If cracks appear in the labor market, the dollar's rally may come to a halt
Svmuu News: Rania Gule, an analyst at brokerage firm XS.com, said that unless Friday’s nonfarm payrolls report comes in stronger than expected, the dollar’s current rally is likely to be limited and short-lived. In her report, she noted that the dollar is “in a fragile position,” and any signs of further weakness in the labor market could push it lower. She believes that despite recent weak data, the dollar has still risen slightly, indicating that investors are more inclined to sit on the sidelines until the outlook becomes clearer. This behavior reflects a temporary balance between concerns over a U.S. economic slowdown and the dollar’s role as a safe-haven asset—a balance that could “be quickly disrupted by any unexpected shift in labor market data.” (Jin Shi)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
FXE Token and the ETF of the Same Name: Investment Value Analysis and Risk Warning
-
2
DeItaone reports multiple institutions, including JPMorgan, HSBC, and Jefferies, raised price targets for various companies
-
3
Oil prices fall to three-week low after Trump calls off planned attack
-
4
Morgan Stanley's Wilson Tips Earnings to Revive Momentum Trade
-
5
USDT Stablecoin Trading Platform Selection Guide: Which Platform is Right for You?
-
6
Kim Yong-beom, Director of the Office of Policy at the South Korean Presidential Office, has been accused of abuse of power, suspected of hastily pushing for the listing of a single-stock leveraged ETF.
-
7
Nissan Motor reports Q1 net profit of 3.7 billion yen ($24 million), first quarterly profit in 2 years, maintains full-year target
-
8
USDC on-chain issuance increased by 60 million, worth approximately 60 million US dollars.
-
9
Bitcoin Cash (BCH) Prospects Analysis: Unpacking Technical Highlights and Diverse Application Scenarios
-
10
Hong Kong 'Lonely Heart' Scammed for $3.3M in Crypto Romance Investment Fraud; Malaysian Authorities Express Displeasure Over Blockchain Week After-Party's OnlyFans Scandal
Markets Today
Recommended Reading





