Monday, February 2, 2026 at 10:43 AM
The dollar rose against a basket of currencies and it could extend its recovery if upcoming U.S. nonfarm payrolls data are decent, ING said.
The dollar, which strengthened slightly, has a long-term bearish bias, but could consolidate in the short term, Bannockburn said.
U.S. stock futures rose as global markets steadied after days of volatile trading, though the dollar slid after rallying in previous sessions.
If lessons from past efforts to prop up the Japanese currency are any guide, then investors should prepare for a short-term sugar hit before depreciation begins anew.
A “rate check” by U.S. officials has boosted the Japanese currency.
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