Mitsubishi UFJ: If non-farm data supports interest rate cuts, the dollar may decline

According to Jinshi reports, Mitsubishi UFJ Bank analyst Derek Halpern stated in a report that if the upcoming U.S. non-farm payroll data supports a rate cut by the Federal Reserve, the dollar may decline. If the employment data is weak, coupled with a further drop in oil prices due to a potential peace agreement between the U.S. and Iran in the coming days, it may trigger market expectations for a divergence in monetary policy between the Federal Reserve and other central banks.