Analyst: If the non-farm data is strong enough, the bets on interest rate cuts may be reduced

ChainCatcher news, Swiss bank analyst Ipek Ozkardeskaya stated in a report that if the U.S. non-farm payroll data released on Friday is stronger than expected, the dollar may rise, as this would weaken expectations for the Federal Reserve to cut rates by at least 50 basis points this year.

She said this could support the Fed's stance that the maximum rate cut in the remaining three meetings this year would not exceed 25 basis points each. She noted, "Strong enough data could even raise expectations that the Fed will only cut rates twice this year, totaling 50 basis points." She indicated that bets on rate cuts are more likely to decrease rather than increase. (Jin Shi)