Mitsubishi UFJ: U.S. employment data may affect the trend of the dollar

Mitsubishi UFJ analyst Lee Hardman said that if the upcoming U.S. employment data shows it's unlikely for the Federal Reserve to cut interest rates in March, the dollar could strengthen. If there are no further signs of weakness in the U.S. labor market over the next few months, given the U.S. economy's ability to adapt to rate hikes, they still don't believe that the Fed will cut rates as early as March. This somewhat supports their expectation that the dollar will rebound in Q1.