According to Mars Finance news, as reported by Jin10, Mitsubishi UFJ analyst Derek Halpern stated that if the upcoming Nvidia earnings report triggers a further fall in the US stock market, the dollar may weaken. He pointed out that the dollar is currently positively correlated with the stock market, and concerns about the impact of declines in technology/artificial intelligence zone stocks on the overall economy have resurfaced. In addition, a further fall in the stock market would increase the likelihood of the Fed taking an “insurance” rate cut in December. The market will then focus on the US non-farm payroll data for September released on Thursday, which will determine the dollar's trend before the end of the year.
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