TD Securities: Unless non-farm payrolls are significantly weak, the US dollar will remain strong.

Strategists at TD Securities noted in a report that unless Friday's US non-farm payroll report is significantly weak, it is unlikely to have a major impact on the dollar. They stated that US economic data may take a backseat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserve's ability to cut interest rates this year. The strategists said, "You need to see a much worse report, and an increase in the unemployment rate, to get the market back on this week's non-farm payroll data and reverse recent price movements." They believe that given the US's energy independence and the reduced prospect of interest rate cuts, the dollar should remain strong if oil prices remain high. (Jinshi)