fxs_header_sponsor_anchor

News

NFP Preview: Consensus print to propel the US Dollar further weaker into the weekend – MUFG

Economists at MUFG Bank discuss how the US Nonfarm Payrolls report could impact the greenback. 

Fed will pause this month

We maintain our view that the Fed will pause this month and that the tightening cycle is likely over.

A consensus print today will likely remove the lingering pricing for a rate hike this month (OIS implies about 7bps) and propel the Dollar further weaker into the weekend. That could mean the 100-DMA for DXY (102.91) comes into play and is tested this afternoon.

See – Nonfarm Payrolls Preview: Banks expect labor market to lose momentum only slowly

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.