Source: Institutional Investors

BlockBeats News, March 5th - Strategists at TD Securities noted in a report that unless Friday's US nonfarm payrolls report shows a significant weakness, it is unlikely to have a major impact on the US dollar. They stated that US economic data may take a back seat, with the market's focus shifting to the Middle East conflict and its potential impact on the Fed's ability to cut rates this year.

The strategists said, "You would need to see a much worse report with an increase in the unemployment rate to get the market to refocus on this week's nonfarm payrolls and reverse the recent price action." They believe that given the US's energy independence and reduced rate cut prospects, if oil prices remain high, the dollar should stay strong. (FXStreet)