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USD – Preview: NFP Should Give Further Support to Dollar
The non-farm payroll report for March will be an important indication of how the market balances two key factors. If we have a report that comes in as expected – with more than 200K jobs created in the month – it shows that the momentum in the US economy continues on pace. A figure than hits the consensus forecast, or is better than expected report, is a positive for US growth as well as for global growth, and should usually be interpreted as a “risk on” sentiment/fundamental factor. However, an improving labor market, also likely undercuts further the case for more quantitative easing from the Fed – ... (full story)
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