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Oct 05 - 02:55 PM

USD: We Expect 250k In September NFP; Likely USD Positive - Barclays

By eFXdata  —  Oct 05 - 01:30 PM

Barclays Research discusses its expectations for this week's September US jobs report on Friday. 

"The main release is the September employment report (Fri). We expect 250k in nonfarm payrolls, steady unemployment and participation rates, and average hourly earnings to move up 0.4% m/m (5.0% y/y)," Barclays notes. 

"A strong report could drive the market to fully price a 75bp rate hike in November, expectations of which had declined recently, and this would further support the dollar," Barclays adds. 

Source:
Barclays Research/Market Commentary

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