Lates News

Derek Halpenny of Mitsubishi UFJ Financial Group stated in a report that if the upcoming US employment data is strong enough to prompt the Federal Reserve to further lower interest rate expectations, the US dollar may rise accordingly. He pointed out that due to the Middle East conflict causing energy price hikes and leading to inflation concerns, strong non-farm payroll numbers and accelerated wage growth may prompt the market to further reduce bets on interest rate cuts and boost the US dollar. However, he also cautioned that considering the potential impact of the conflict on business activity, if the situation continues to drag on, Friday's employment data "could be the best result we see for some time."