Opinion: Market Concerns Over Fed Rate Cut Outlook, This Week’s Nonfarm Payrolls May Support the Dollar Index

Odaily Planet Daily News: Due to concerns over the outlook for interest rate cuts, the US Dollar Index (DXY) fell to a three-year low again on Monday. However, Francesco Pesole of ING Group stated that upcoming US economic data may limit the dollar’s decline, as these figures could prompt investors to scale back their bets on rate cuts. He noted that Thursday’s non-farm payroll report may show a gradual slowdown in job growth, but not enough to trigger significant bets on a July rate cut. Inflation may also rise in the coming months. “The dollar should see some short-term support.” (Jin10)