TD Securities: Unless Non-Farm Payrolls Show Significant Weakness, the US Dollar Will Remain Strong

Odaily News TD Securities strategists noted in a report that unless Friday's US Non-Farm Payrolls report shows significant weakness, it is unlikely to have a major impact on the US dollar. They stated that US economic data may take a backseat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserve's ability to cut interest rates this year. The strategists said, "You would need to see a much worse report, with unemployment rising, to bring market attention back to this week's NFP data and reverse recent price movements." They believe that given the US's energy independence and reduced prospects for rate cuts, if oil prices remain high, the US dollar should maintain its strength. (Jin10)