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Central Banks to Face Tough Decisions after Weak US Jobs

From marketpulse.com

USD recovered from the NFP shock but September hike future uncertain The U.S. dollar stumbled on the news that the economy added less jobs than expected in August. The U.S. non farm payrolls (NFP) report showed only 151,000 positions versus the forecast of 180,000. Unemployment rate kept steady at 4.9 percent. The American currency was able to recover and finish the week ahead versus major pairs but the disappointing employment report puts a big dent on the chances of a rate hike in September. The U.S. Federal Reserve has been surprisingly hawkish about first the reduction of global risk and second about the pace of ... (full story)

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