Mitsubishi UFJ: If the non-farm payroll report is weak on Friday, the dollar may further decline.

Mitsubishi UFJ analyst Lee Hardman pointed out in a report that if the US non-farm payrolls report released on Friday shows continued weakness in September job growth, the dollar may continue to fall. He said that another disappointing non-farm payrolls data will support market expectations of the Fed cutting interest rates again in October. He mentioned: "Our forecast for further weakness in the dollar towards the end of the year is based on the assumption that the labor market will remain weak, prompting the Fed to cut interest rates by 25 basis points twice before the end of the year."