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Dec 04 - 05:00 PM
EUR: Bid On 3 Reasons; USD: Expecting 183K NFP Print On Friday - Citi
First appeared on eFXplus on Dec 04 - 01:00 PM

Citi discusses the EUR tactical outlook and its expectations for the US jobs report on Friday. 

"EUR’s bid continues thanks to (1) German fiscal easing speculation, (2) Weaker US ISM manufacturing resulting in a lower USD, and (3) the stronger Chinese PMIs released over the weekend and Monday," Citi notes. 

"USD: The remainder of this week in the US sees the US November jobs report with a +40K bounce from striking workers implying 183K jobs growth (Citi estimates) versus median: 190k, prior: 128k, the unemployment rate at  3.6% versus median: 3.5%, prior: 3.6% and average hourly earnings MoM (Citi: 0.3%, median: 0.3%, prior: 0.2%) and YoY (Citi: 3.1%, median: 3.0%, prior: 3.0%)," Citi adds. 

Source:
Citi Research/Market Commentary

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