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Dollar Weaker Ahead of Jobs Report

From marketpulse.com

Mixed economic data has depreciated the USD awaiting NFP Employment has been the strongest pillar of the U.S. economy but at near full employment it has been hard for the U.S. Federal Reserve to justify a rate hike on jobs data alone. The U.S. non farm payrolls (NFP) report will be published by U.S. Bureau of Labor Statistics on Friday, September 2 at 8:30 am EDT. After two consecutive 200,000 plus job gains the forecast is calling for a 170,000 to 190,000 new positions added in August. A strong report will keep the September rate hike on the table, but a disappointing addition of jobs could complicate the ... (full story)

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