Saxo Group Videos

Kay Van–Petersen, global macro strategist at Saxo Capital Markets, says that no one should read too much into Friday’s disappointing nonfarm payrolls report because the NFPs are only one data point among many.

He says that other US data have been generally robust, so the Fed could still raise interest rates this summer, though perhaps instead in September.

Van–Petersen says not many people were positioned dollar long on the US dollar index, so he says there is little potential for these to be sold. 

He also says that Federal Reserve chair Janet Yellen may comment on the surprise NFP data at an event in Philadelphia.