TD Securities: Weak Non-Farm Report Will Affect Dollar Strength

According to Jin Ten, strategists at TD Securities pointed out in a report that unless Friday's U.S. non-farm payroll report shows significant weakness, it is unlikely to have a major impact on the dollar. They believe that U.S. economic data may take a back seat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserve's ability to cut interest rates. The strategists stated that only in the case of rising unemployment will the market refocus on non-farm data and reverse recent price trends.