The dollar could ease if Thursday's U.S. nonfarm payrolls report is weaker than expected, TD Securities strategists say in a note. "We think dollar strength is nearing a peak, absent reacceleration in U.S. data beyond our baseline of stability." A payrolls print that trails expectations would confirm this view, they say. Markets are betting on interest-rate rises by the Federal Reserve as they seem priced for a period of mini-exceptionalism in the U.S. Meanwhile, U.S. equity outperformance is taking a breather which could further wane the dollar's upward momentum, they say. The DXY dollar index is steady at 101.077. (renae.dyer@wsj.com)
Dow Jones Newswires
Dollar's Recent Strength Could Wane if Jobs Data Miss Forecasts — Market Talk
The dollar could ease if Thursday's U.S. nonfarm payrolls report is weaker than expected, TD Securities strategists say in a note. "We think dollar strength is nearing a peak, absent reacceleration in U.S. data beyond our baseline of stability." A payrolls print that trails expectations would confi…