Mitsubishi UFJ analysts predict that the US dollar may fall due to weak employment data.

According to Jinshi data reports, Mitsubishi UFJ analyst Lee Hardman pointed out that if the non-farm payroll report in September shows continued weakness in job growth, the dollar may further fall. He stated that poor employment data would support market expectations for the Federal Reserve to cut interest rates again in October. Lee Hardman predicts that the dollar may weaken before the end of the year, as a weak labor market may prompt the Federal Reserve to cut rates twice more before the end of the year, each by 25 basis points.