The agency predicts that this week's non-farm data will be on the hot side, which may support the dollar

ChainCatcher news, according to Jinshi reports, Monex Europe analysts stated in a report that if the non-farm data released on Friday is better than expected, the dollar may gain some support.

Analysts believe that the August data will show that the labor market remains relatively solid, with a higher likelihood of hotter data. This may shift the market's focus back to inflation risks, as the August inflation data will be released before the Federal Reserve's September meeting. If the Federal Reserve places more emphasis on inflation risks, it may even be unable to implement interest rate cuts for the entire year, which would prompt the market to raise interest rate expectations and strengthen the dollar.