The euro took a break from the rallies after the US jobs report. EUR/USD finally made a significant correction. What’s next? Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research notes that EUR/USD fell on today’s NFP announcement, which showed employment rose by 209,000 in July and June was revised up to 231,000. [...]
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The US jobs report beat on the headline, 209K and on wages y/y: 2.5%, even though it does not represent any real improvement. The economy continues gaining jobs but the elusive “full employment” stamp still seems far. Employers are not raising wages. Without wage growth, it is hard to see inflation rising and the Fed [...]
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Canada gained 10.9K jobs in July, slightly better than expected. The unemployment rate dropped surprisingly to 6.3%, but this comes on top of a drop in the participation rate to 65.7%. USD/CAD tops 1.26, but this is due to a favorable jobs report in the US. Canadian was expected to report a gain of 10K jobs [...]
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Better than expected data in the US: 209K jobs were gained and wages are up 0.3%, as expected. The US dollar is stronger. The US was expected to report a gain of 183K jobs in July after 222K in June (before revisions). Wages were expected to rise 0.3% after 0.2% and they remain key. See [...]
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The Australian dollar suffered a few setbacks after topping 0.80. However, it does not seem to give up. Not so fast. Here are three reasons tor the recovery of AUD/USD: 1 – Retail sales Retail sales surprised in Australia for the second time in a row: this advanced 0.3 % in June against 0.2% expected. [...]
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