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Why a Strong Jobs Report May Not Help the US Dollar
Non-farm payrolls are due for release on Friday and the U.S. economy is expected to add nearly a million jobs. If NFPs rise by 978K, the current consensus forecast, it would be the strongest month for job growth since August of last year. The U.S. dollar should be trading higher on these lofty expectations but instead is mostly lower. There are a number of reasons for this lack of enthusiasm that could affect how the dollar reacts to NFPs on Friday. While there’s no doubt that the U.S. recovery gained momentum over the past month with many businesses adding new workers not all signs point to accelerated job growth. ... (full story)
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- hesron
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- hesron
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- UKBanter
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The elites think we are stupid. They are in the main quite correct.
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...because you never know - until you do!
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