NFP will be between 160-190k...
USD in Retreat Ahead of NFP
The USD continues to come under fire from slower growth concerns after a month of disappointing data. Even the last nonfarm payrolls (NFP) report that beat expectations did not help the dollar as the wage growth component showed a contraction of 1.7%. The new reality stated by the Federal Reserve is putting an emphasis on all components of the NFP report. An impressive number of new jobs and a reduction on the unemployment rate are not enough. The U.S. has published a string of underperforming indicators this year: USD advanced gross domestic product (GDP) at 2.6%, retail sales, -0.9%, lower purchasing managers’ ... (full story)