According to BlockBeats, on September 2, Swissquote Bank analyst Ipek Ozkardeskaya stated in a report that if the U.S. non-farm payroll data released on Friday surpasses expectations, the dollar could strengthen. This would diminish the likelihood of the Federal Reserve cutting interest rates by at least 50 basis points this year.
Ozkardeskaya noted that this scenario might support the Federal Reserve in limiting rate cuts to no more than 25 basis points per meeting for the remaining three meetings of the year. She added that sufficiently strong data might even raise expectations that the Federal Reserve will only cut rates twice this year, totalling 50 basis points. She emphasized that the probability of rate-cut bets decreasing is higher than that of increasing.