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Week Ahead in FX: USD to Face Payrolls Challenge
There is an avalanche of economic indicators next week. The Reserve Bank of Australia (RBA), the Bank of England (BoE) and the Bank of Japan (BoJ) are due to announce their monetary policy decisions. U.S. employment will take center state with the release of the non farm payrolls (NFP) the most followed indicator in forex trading. The ADP private payrolls on Wednesday, August 5 and the U.S. unemployment claims will serve as preliminary data before the highly influential NFP report. The end of the Greek debt agreement negotiations marked a return of economic fundamentals to the forefront and investors will have to be ... (full story)