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Dollar remains under pressure ahead of Non-farm Payrolls
The dollar remains under pressure as markets look ahead to today’s Non-farm Payrolls. Weak US data and political risk have been key factors behind the weakness on the dollar. Both factors played a role yesterday as the dollar suffered on the back of disappointment in the ISM Non-Manufacturing and the announcement that the investigation into Russia’s involvement with Tump and the election widened. The Non-farm Payrolls report will take on added importance, not only for the trend of weak US data, but also the more specific component of wage growth. With unemployment at such low levels, will wages begin to pick up ... (full story)
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