The US nonfarm payrolls report will take centre stage next week as speculation about the size of the Fed’s next rate hike goes into overdrive. Investors will also be keeping a close eye on the latest inflation readings in the euro area ahead of the September rate decision amid growing gloom about the bloc’s economic outlook. PMI indicators out of China and as well as quarterly data from Australia and Canada will be important too in helping to gauge the health of the big economies. Will the August NFP change anything for the dollar? The August payrolls report will headline another data-packed week in the United ...
After one or two reports, the fed will no let its guard down, while labor market is holding strongly, a 75 bps hike is very likely. Even tho, NFP report might below the forecast, USD will remain bullish, since employment change was twice the expectation(last data) . It will take some consecutive CPI readings to know that inflation has been really peak, then we might see FED shift gear towards a 25-50bps hike. But as for Sept FOMC, imo FED will raise rate by 75bps