About DHF
our products
Newsroom
Picture of the author

Client area

0309 2024

Press Release

Dollar Firms Ahead of Key Economic Reports This Week

London Loves Business

The U.S. dollar was hovering near a two-week high as markets await key U.S. economic data this week, especially Non-Farm Payroll (NFP) data. The report's outcome could significantly influence the Federal Reserve’s decision on September's expected interest rate cut. A 25-basis point cut is currently anticipated, but a weaker payroll report could lead to stronger expectations for a larger 50-basis point cut. Meanwhile, Treasury yields have remained stable, with the 10-year yield near 3.9% as trading resumed after a U.S. holiday. Yields could also react to any changes in interest rate cut expectations.

This week, attention will first turn to the ISM Manufacturing PMI, which is anticipated to show a slight improvement in August after a sharp decline in July, marking the steepest contraction in U.S. factory activity since late 2023. Despite the anticipated modest slide in August, the Services sector could remain in expansion territory, reflecting a more resilient part of the economy. The most crucial data will be Friday’s unemployment and NFP report. A slight decrease in the unemployment rate could push U.S. Treasury yields and the dollar upward.

Source: London Loves Business

London Loves Business

Related Posts

1606 2023

Dollar at risk against European currencies

2606 2023

Pound to New Zealand Dollar Week Ahead Forecast: Uptrend Intact

Copyright 2014-2025 DHF Capital S.A. All Rights Reserved

Picture of the author
Picture of the author
Picture of the author
Picture of the author
Twitter/X
Picture of the author
DHF Capital S.A. is a public limited company (registration number B250882 -société anonyme) which is governed by the law of Luxembourg, 10 August 1915, on commercial companies, as amended (the "Company Law"), the law of 2 March 2004 on securitisation, as amended (the "Law on Securitisation") as well as by the present articles of association.