The world’s largest economy is expected to add another 151K jobs in December and the ongoing improvement in the labor market should heighten the appeal of the U.S. dollar as it limit’s the Fed’s scope to expand monetary policy further. Indeed, the more broad-based recovery may encouraged the FOMC to strike a more neutral in 2013, and we may see the central bank bring its easing cycle to an end later this year as the economic recovery gradually gathers pace. The rebound in wage growth paired with the resilience in private sector consumption may help to prop up the labor market, and a marked rise in employment may ... (full story)