Mitsubishi UFJ: The dollar trend may be more restrained unless non-farm payrolls deviate significantly from expectations
On January 10, Mitsubishi UFJ Research Director Derek Halpenny said in a report that unless the U.S. non-farm employment report is much stronger or weaker than expected, it is unlikely that there will be substantial changes to the dollar. Given clear statements from Federal Reserve officials about slowing down rate cuts and the upcoming inauguration of President Trump, expectations for significant fluctuations in the dollar may deviate. "We still favor the dollar, but trends may be more restrained before trade tariffs are confirmed shortly after or on Trump's inauguration day."
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