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Analyst: The worst-case scenario for non-farm employment is that the number of jobs is lower than expected, while wage growth is higher than expected

Analyst: The worst-case scenario for non-farm employment is that the number of jobs is lower than expected, while wage growth is higher than expected

Bitget2025/03/07 08:14

According to Jinse Finance, the US dollar is hovering near a four-month low as investors remain cautious ahead of the key US non-farm payroll report to be released later. The recent pressure on the dollar comes from market digestion of expectations for further interest rate cuts by the Federal Reserve due to concerns about slowing US economic growth. This means that employment data will become particularly important. Ipek Ozkardeskaya, an analyst at Swissquote Bank, said in a report that lower-than-expected employment data could further weaken the dollar. The worst-case scenario would be if employment numbers are below expectations and wage growth exceeds expectations because this would put the Fed in a position of dealing with an economic slowdown but with limited room for support.

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