The dollar's pullback after Thursday's weaker-than-expected U.S. nonfarm payrolls print could have further to go, Monex Europe analysts say in a note. The Federal Reserve is likely to leave interest rates unchanged, defying expectations for rate increases, they say. Furthermore, Monex doesn't share market optimism that AI will generate a substantial, immediate boost in activity. This leaves markets primed for disappointment, with the dollar also set to suffer, the analysts say. The DXY dollar index falls 0.7% to 100.708 after reaching a two-week low of 100.558 shortly after the jobs data, according to LSEG, and Monex expects the DXY to fall to 98.1 over the next 12 months. (renae.dyer@wsj.com)
Dow Jones Newswires
Dollar Could Ease Further if Fed Avoids Rate Rises — Market Talk
The dollar's pullback after Thursday's weaker-than-expected U.S. nonfarm payrolls print could have further to go, Monex Europe analysts say in a note. The Federal Reserve is likely to leave interest rates unchanged, defying expectations for rate increases, they say. Furthermore, Monex doesn't share…