Today’s US jobs data could boost dollar - Swissquote

According to Peter Rosenstreich, head of market strategy at Swissquote Bank, today's US jobs data (NFP) could provide some immediate respite and trigger a short-term US Dollar rally.

Key quotes:

“Non-farm payroll numbers will be reported later today, and if they beat expectations, they might trigger a greenback rally. Tighter labour markets, the promise of interest-rate hikes and recent USD weakness could combine to drive the dollar higher, especially against the Swiss franc and Japanese yen in the short term.”

“Yesterday’s US Federal Reserve Bank’s meeting went as expected. The Fed left interest rates unchanged, but signaled a March rate hike. Overall, the meeting was mildly hawkish. The American economy’s acceleration is outpacing expectations, with data consistently surprising to the upside. The mood seems to be catching: talk of normalization at the European Central Bank and the Bank of Japan is starting to happen.”