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Is there more to the jobs picture? The household survey has been flat since March
The US dollar has given back most of its gains and the initial hawkish reaction to the non-farm payrolls report has been largely erased.
That probably reflects that non-farm payrolls are a lagging indicator and that the Fed has already signaled slowing rate hikes to 50 bps. In short, the report wasn't strong enough to change anything, at least not yet. In addition, there was already a trend towards a weakening dollar this week and the market has gotten back to that.
Or maybe there... Read More
Posted: Dec 2 2022, 18:45
Author Name: forexlive
Views: 110633