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Analyst: If Data Does Not Cooperate, Dollar Upside Momentum May Stall

By: theblockbeats.news|2025/09/03 13:02:24

BlockBeats News, September 3rd. Yesterday's US dollar strength was mainly driven by a global long-term bond sell-off, lacking other clear catalysts. Francesco Pesole, a foreign exchange analyst at ING, believes that this driver is unlikely to sustain the dollar's strength ahead of key data releases and the Fed's upcoming rate cut.

After Trump appointed a new head of the Bureau of Labor Statistics, the focus on non-farm official data may also increase. Pesole stated that the dollar's strength yesterday lacked strong fundamental support, and he expects to see a "momentum retracement" before Friday's non-farm data, with downside risks for the dollar index. If the data does not cooperate, the upward momentum of the dollar may be difficult to maintain. (FXStreet)

Etherealize has completed a $40 million financing round, led by Electric Capital and Paradigm, with participation from Vitalik.

The Trump family's closely affiliated Bitcoin mining company, American Bitcoin, is set to debut on the Nasdaq with the stock symbol ABTC.