"Evidence from employment components of the ISM and NFIB surveys suggest the risks are skewed to a weaker payroll print," analysts at ING said...
"A weak report would undoubtedly bolster expectations for Federal Reserve interest-rate cuts this year, denting the currency's appeal...According to ING...macroeconomic forces could drive the dollar lower..."
"A weaker greenback...often galvanizes demand for riskier assets like cryptocurrencies..."
"Analysts expect the imminent Fed rate cut to drive the cryptocurrency to new highs above $74,000 in the coming months."
#us-nonfarm-payrolls-report #fed-rate-cut-expectations #financial-markets #cryptocurrencies #dollar-strength
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