The upward momentum of the US dollar may be difficult to sustain due to a lack of fundamental support.

ChainCatcher news, according to Jinse Finance, yesterday's strengthening of the US dollar was mainly driven by a global sell-off of long-term bonds, lacking other clear catalysts. ING foreign exchange analyst Francesco Pesole pointed out that the strength of the US dollar lacks fundamental support and is expected to see "momentum reversal" before Friday's non-farm payroll data release, with downside risks for the US dollar index; if the data does not cooperate, the upward momentum of the US dollar may be difficult to sustain.