FXstreet.com (San Francisco) - The United States will release its July employment report next Friday August 3rd at 12:30 GMT (8:30 EST) and it is expected to post 97K more payrolls to be added in July but leaving the unemployment rate unchanged at 8.2%.
David Song, Currency Analyst at DailyFX, believes the NFP figures will be slightly higher with "another 100K [increase] in July following the 80K expansion the month prior, and the faster rate of job growth may spark a bullish reaction in the USD as the data dampens expectations for QE3."
"In turn, we should see the dollar track higher going into August," continued Song, "and the bullish sentiment surrounding the greenback may gather pace throughout the remainder of the year as the FOMC appears to be bringing its easing cycle to an end."
David Song, Currency Analyst at DailyFX, believes the NFP figures will be slightly higher with "another 100K [increase] in July following the 80K expansion the month prior, and the faster rate of job growth may spark a bullish reaction in the USD as the data dampens expectations for QE3."
"In turn, we should see the dollar track higher going into August," continued Song, "and the bullish sentiment surrounding the greenback may gather pace throughout the remainder of the year as the FOMC appears to be bringing its easing cycle to an end."
