FXstreet.com (Barcelona) - The US employment data is up next, and according to market analysts, it is expected to be around the 100k handle, after an 80k increase last month. The jobless rate is expected to stay unchanged at 8.2%. "With the FOMC signally a possible move in September, the ongoing perversity of a strong number (+150k) buoying the USD and weighing
on risk assets is the greatest risk" says NAB research team. With markets already looking for more QE, however, "a soft outcome would just reinforce expectations and unless appallingly bad (<50k, and a higher unemployment rate), would have less of a positive reaction for currencies" NAB adds.
on risk assets is the greatest risk" says NAB research team. With markets already looking for more QE, however, "a soft outcome would just reinforce expectations and unless appallingly bad (<50k, and a higher unemployment rate), would have less of a positive reaction for currencies" NAB adds.
