Dollar bulls focus on upcoming U.S. employment data guidance

GateNews

2026-03-06 09:45:43

ChainCatcher News reports that according to Jinshi, Derek Halpenny from Mitsubishi UFJ Bank stated in a report that if the upcoming U.S. employment data is strong enough, it could further reduce expectations of Fed rate cuts, causing the dollar to rise. He pointed out that if non-farm payrolls are robust and wage growth accelerates, it may lead the market to cut back on rate cut bets and boost the dollar. However, he also warned that considering the potential impact of Middle East conflicts on business activity, Friday’s employment data “may be the best result we can see for some time.”

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