Hassan Fawaz: Non-farm data deviating from expectations will trigger fluctuations in the dollar and U.S. Treasury yields

According to Jinshi News, GivTrade strategist Hassan Fawaz pointed out in a report that, given the recent signs of cooling in the U.S. labor market, if the January non-farm payroll data deviates significantly from expectations, it could trigger sharp fluctuations in the foreign exchange and bond markets. He stated that if the data is weaker than expected, it may reignite concerns about the momentum in the labor market, strengthening expectations for a loosening of monetary policy later this year, thereby putting pressure on the dollar; if the data performs strongly, it could challenge the aforementioned expectations, providing support for the dollar and pushing up yields.