Morning Meeting: U.S. Jobs Report and the Dollar

The video features Brad Bechtel, an FX strategist at Jefferies, discussing the impact of job numbers on the U.S. dollar. He explains the recent dollar weakness due to factors like the Trump effect, Fed rate hikes, and China's currency issues. The correlation between U.S. rates and the dollar-yen cross is analyzed, highlighting the influence of real rates. The discussion also covers the potential for dollar strength based on Trump's policies and central bank interventions aimed at maintaining currency stability.

In what ways do U.S. rates influence the dollar-yen cross according to the discussion?

What are the potential implications of Trump's policies on the dollar's value?