{"id":580489,"date":"2026-08-10T15:20:15","date_gmt":"2026-08-10T15:20:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/580489\/"},"modified":"2026-08-10T15:20:15","modified_gmt":"2026-08-10T15:20:15","slug":"us-dollar-softer-labor-data-supports-downside-bny","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/580489\/","title":{"rendered":"US Dollar: Softer labor data supports downside \u2013 BNY"},"content":{"rendered":"<p>BNY\u2019s Geoff Yu and David Tam note that weaker United States (US) labor data have lowered real-rate expectations and extended the Dollar decline, creating a more supportive environment for risk assets and duration. They stress that upcoming United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI) releases will be crucial for <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Federal Reserve<\/a> (Fed) pricing, with softer inflation reinforcing current easing expectations and stronger prints quickly lifting front-end yields.<\/p>\n<p>U.S. inflation data drive Dollar path<\/p>\n<p>&#8220;The weaker U.S. labor-market signal has pulled down real-rate expectations, extended the dollar decline and reopened a window for duration and risk assets.&#8221;<\/p>\n<p>&#8220;Last Friday\u2019s weak U.S. nonfarm payrolls report \u2013 at -23k vs. the expected 80k \u2013 and the accompanying downward revisions meaningfully cooled expectations for a Fed hike in September, leaving the market with a less than 50% chance of a hike.&#8221;<\/p>\n<p>&#8220;Of the week\u2019s releases, Wednesday\u2019s CPI is the most important for <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> markets, as it will tell us whether the disinflationary impulse stemming from June\u2019s easing in Iran-related tensions is durable or whether price pressures will pick up.&#8221;<\/p>\n<p>&#8220;A soft inflation bundle would reinforce the post-NFP easing in Fed pricing and support duration; an upside surprise could quickly reintroduce pressure on front-end yields.&#8221;<\/p>\n<p>&#8220;The environment has become more supportive, but not more forgiving.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"BNY\u2019s Geoff Yu and David Tam note that weaker United States (US) labor data have lowered real-rate expectations&hellip;\n","protected":false},"author":2,"featured_media":557652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-580489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/580489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=580489"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/580489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/557652"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=580489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=580489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=580489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}