Mitsubishi UFJ: If non-farm payroll data worsens, dollar selling may accelerate until the end of the year

ChainCatcher news, according to Golden Ten Data, the US November employment report will be released later today, and Asian currencies showed mixed movements in early trading. Mitsubishi UFJ Financial Group foreign exchange analyst Michael Wan stated that if the November non-farm payroll data is disappointing and the unemployment rate rises, this will strengthen the Federal Reserve's dovish stance and could accelerate the sell-off of the US dollar until the end of the year. Considering the recent US government shutdown, there may be issues with data quality, and the market should be prepared for volatility in interest rates and foreign exchange.