Risk of Escalation Limits Appetite for Risk as US Employment Data Could Prolong the Dollar's Tight Trading Bands
Middle East Tensions Cast Shadow Over Good Friday
Ongoing conflict in the Middle East continues to impact the atmosphere surrounding the Good Friday holiday. Yesterday’s strike on an Iranian bridge has heightened concerns about potential retaliatory actions from Tehran, which is likely to dampen risk appetite as the weekend approaches. Additionally, many markets will remain closed on Monday.
Today’s primary focus is the release of US employment figures for March. With the labor force experiencing minimal growth—largely attributed to stricter immigration policies—analysts believe that the current environment supports little to no job creation. Over the past year, the US economy has added roughly 156,000 jobs, while the unemployment rate has remained steady.
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