Consensus Data to Push Dollar Weaker Ahead of Weekend

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Economists at Bank of Mitsubishi UFJ discuss how the U.S. non-farm payrolls report will affect the dollar.

Fed to pause rate hikes this month

We still think the Fed will pause rate hikes this month and the tightening cycle may be over.

Consensus data today could remove pricing for a rate hike this month (OIS hints at around 7bps) and push for further USD weakness ahead of the weekend. This could mean that, for the US Dollar Index, the 100-day moving average (102.91) came into play and tested that level this afternoon.