Data in line with market consensus is enough to put the dollar back on the path of appreciation

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Strong non-farm payrolls data could easily put the market back on a bearish trajectory and reignite aggressive dollar buying.

There’s a good chance the market will price today’s jobs data as slightly below consensus, and even a number that’s in line with consensus could send the dollar higher across the board.

The U.S. Dollar Index is likely to move back above 107.00 as early as today or early next week.