Viewpoint: The market is concerned about the prospect of the Fed's interest rate cut, and this week's non-farm data may provide support for the US dollar index

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Viewpoint: The market is concerned about the prospect of the Fed's interest rate cut, and this week's non-farm data may provide support for the US dollar index

5 hours ago

Odaily News The dollar index DXY fell to a three-year low again on Monday amid concerns about the prospect of rate cuts. However, Francesco Pesole of ING said that upcoming U.S. economic data could limit the dollar's decline as the data could prompt investors to reduce bets on rate cuts. He said Thursday's non-farm payrolls report may show a gradual slowdown in job growth, but not enough to trigger big bets on a July rate cut. Inflation may also rise in the coming months. "The dollar should see some short-term support." (Jinshi)

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