The dollar is unlikely to enter a sustained downward trend after Thursday's worse-than-expected U.S. nonfarm payrolls report, ING's Francesco Pesole says in a note. The data aren't weak enough on their own to trigger a significant repricing in rate rise bets for the Federal Reserve, he says. While markets scaled back the prospect of imminent tightening, there is still more than 25 basis points priced in by December. The DXY dollar index falls 0.2% to 100.691 and ING expects it to stabilize in a range of 100.0-101.500 in coming weeks. (renae.dyer@wsj.com)
Dow Jones Newswires
Dollar's Decline Likely to Be Limited — Market Talk
The dollar is unlikely to enter a sustained downward trend after Thursday's worse-than-expected U.S. nonfarm payrolls report, ING's Francesco Pesole says in a note. The data aren't weak enough on their own to trigger a significant repricing in rate rise bets for the Federal Reserve, he says. While…