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Koefoed: NFP looks weak but US economy stronger

The July Non farm payroll data suggests an extra 209,000 jobs were added in the US. Saxo Bank's Head of Macro Strategy Mads Koefoed gives us his reaction to the number. His initial assessment is that the figure "looks weak, but only because the Labour market is currently doing very well". Although slightly disappointing the number was above 200,000 for the sixth straight month and suggests that the US economy is continuing to show underlying strength.

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