ING Bank: The US dollar is more likely to rise before the release of non-farm data
According to a report by Jin Shi, Francesco Pesole, a foreign exchange analyst at ING Bank in the Netherlands, said that the US dollar is more likely to rise before the release of US non-farm payroll data on Friday. The US non-farm data is expected to show stable job growth and continue to lead the market to anticipate that the US will not cut interest rates before summer. The dollar index may find some good support above 104.00. These data will help determine whether the strong January data was an outlier. ING Bank expects that non-farm payrolls in February will increase by about 200,000 people.
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