Dollar Might Struggle to Keep Rising Unless Jobs Data Are Very Strong -- Market Talk
Dow Jones2026/09/28 10:411041 GMT - The dollar is unlikely to maintain its recent strong momentum unless Friday's U.S. nonfarm payrolls report is much better than expected, ING's Francesco Pesole says in a note. "While it might be too early for a break lower in oil prices, news of the U.S. and Iran working on a deal regarding the Strait of Hormuz could prevent another jump higher." That could stabilize government bonds and risk sentiment, he says. Moreover, the dollar looks expensive, according to ING's short-term valuation models. The DXY dollar index rises 0.1% to 101.101 but a pullback to 100.50 would be more coherent with fundamentals, he says. ING expects this week's jobs data to leave markets guessing about another U.S. interest-rate increase in October. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
September 28, 2026 06:41 ET (10:41 GMT)
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