Weak U.S. employment data may intensify expectations of a declining dollar
According to ChainCatcher, citing Golden Ten Data, strategists at Morgan Stanley stated in a report that if the upcoming U.S. employment data this week, as well as decisions from the European Central Bank and the Bank of Japan, result in interest rate differentials unfavorable to the U.S. dollar, the dollar may fall to new lows. If the non-farm employment report released on Tuesday is weak, it could further fuel market expectations that the Federal Reserve will cut rates again in the first quarter of next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Full Statement from Nvidia Regarding Jensen Huang's Resignation and Leadership Team Restructuring
On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.
Tidewater Midstream forecasts 2026 consolidated adjusted EBITDA of C$ 300-320 million
Crypto prices
More
