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Expect U.S Jobs to be Affected By Summer Hurricanes
The U.S. dollar continues to fluctuate against the major currencies as investors pause ahead of tomorrow’s North American jobs data. Minimal non-farm payroll (NFP) risk is being priced in to USD majors, as seasonal factors and recent hurricanes may give the data less credence. One in 13 U.S workers are employed in counties ravaged by this summer’s hurricanes in Florida and Texas. Yet, any signs of solid U.S jobs growth will help justify an additional interest-rate increase by the Fed again this year. The U.S economy added +156k jobs in August while the unemployment rate held at +4.4%. Note: The median forecast ... (full story)