TD Securities: The US dollar will remain strong unless tomorrow's non-farm payrolls show a significant slowdown

Deep Tide TechFlow News, March 5 — According to Jin10 Data, strategists at TD Securities stated in a report that unless Friday’s U.S. non-farm payrolls report shows a significant weakness, it is unlikely to have a major impact on the dollar. They indicated that U.S. economic data may take a backseat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserve’s rate cut prospects this year. The strategists said, “You need to see a much worse report, with unemployment rising, to refocus the market on this week’s non-farm data and reverse recent price trends.” They believe that, given the U.S. energy independence and the reduced likelihood of rate cuts, if oil prices stay high, the dollar should remain strong.