ING Predicts Possible Dollar Decline Due to U.S. September Job Data

Sep 30, 2024

ING Group has indicated that the U.S. dollar may face downward pressure as the non-farm payroll data set to be released on Friday might reveal an unexpected rise in the September unemployment rate. This forecast is driven by the Federal Reserve’s dual mandate, with a particular focus on employment. Market participants are likely to be highly sensitive to details within the employment data.

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