Dollar’s Two-Week High Eases as US Job Data Looms Ahead

Key Takeaways:

  • 💲 U.S. payrolls report on Friday crucial for Fed rate cut
  • 📈 Greenback strengthened by rise in long-term Treasury yields
  • 💱 Euro gains slightly as dollar weakens
  • 🏛️ Political uncertainty in Europe with AfD far-right party gaining power
  • 📉 ECB money markets reduce bets on rate cuts
  • 💼 Non-farm payrolls expected to show addition of 165,000 U.S. jobs in August
  • 🔒 Consensus forecasts show soft landing and Fed easing policy by 25 bps
  • 💵 Dollar rises against yen but unlikely to rally due to potential Fed rate cut
  • 💲 Dollar has eased after reaching a two-week high
  • 📈 US job data is awaited for further market impact
  • 🌐 Market updates available on live TV and video platforms
  • 💵 Dollar edged down on Monday but close to a two-week high vs euro
  • 🔍 U.S. jobs report on Friday will be crucial for Federal Reserve’s rate cut
  • 📉 Greenback strengthened earlier due to rise in Treasury yields and solid GDP figures
  • 📊 Markets pricing in 25-bps Fed rate cut, 33% chance of 50-bps cut
  • 🌍 U.S. economy performing better than global economy
  • 🔄 Dollar index weakened slightly, euro firmed on political developments in Europe
  • 📈 Money markets reducing bets on ECB rate cuts, at 59 bps by year-end
  • 🛠️ Non-farm payrolls data expected to show addition of 165,000 U.S. jobs in August
  • 🚀 Data at or below 100,000 jobs could increase chance of a 50 bps rate cut

Market Analysis:

The upcoming U.S. payrolls report on Friday holds significant importance for the Federal Reserve and its potential rate cut decision. The recent strengthening of the greenback was fueled by the rise in long-term Treasury yields, while the euro experienced slight gains as the dollar weakened. However, political uncertainty in Europe, especially with the AfD far-right party gaining power, is adding to market volatility.

Traders are closely monitoring ECB money markets, which have reduced their bets on rate cuts. It is projected that the non-farm payrolls data will indicate the addition of 165,000 U.S. jobs in August, reinforcing consensus forecasts for a soft landing and a 25-bps Fed easing policy. The overall market sentiment is cautious, with the dollar rising against the yen but unlikely to rally due to the potential Fed rate cut.

As investors await the U.S. jobs report on Friday, the market updates are available on various live TV and video platforms. The current situation shows a slight weakening of the dollar index, while the euro is firming up on political developments in Europe. Money markets are now reducing their bets on ECB rate cuts, potentially reaching 59 bps by year-end. Any data indicating job numbers at or below 100,000 could heighten the chances of a 50 bps rate cut.

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