Analyst: Safe-haven sentiment and small non-farm data jointly boost the US dollar

On October 3, according to the Jinshi data, the New Zealand dollar weakened against the US dollar in the Asian market. US President Biden said on Wednesday that the G7 is coordinating a response to the Iran’s attack on Israel, including imposing new sanctions on Tehran. Analysts at a Malaysian bank said in a forex research and strategy report that investors continue to seek refuge in the US dollar and may be affected by the sanctions. The analyst said that better-than-expected US ADP data also boosted the dollar.