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

According to Jinshi, the U.S. November employment report will be released later today, with Asian currencies showing mixed performance in the morning.

Michael Wan, a foreign exchange analyst at MUFG, stated that if the November non-farm payroll data is disappointing and the unemployment rate rises, this will strengthen the Fed's dovish stance and may accelerate the sell-off of the dollar until the end of the year. Given the recent U.S. government shutdown, there may be issues with data quality, and the market should prepare for fluctuations in interest rates and foreign exchange.