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Strong US jobs report sees muddled reaction — #SaxoStrats

What do the latest US nonfarm payrolls data mean ahead of Wednesday’s FOMC meeting? Saxo Bank’s head of FX strategy John Hardy explains.


The nonfarm payrolls figure was +235k against expectations for +200k while January’s Average Hourly Earnings revised from 2.5% y/y rate to 2.8%, with the same figure for February.


Hardy also looks ahead to next week with the March 15 meeting of the US Federal Reserve. 

01:54 minutes
Tags: employment, forex, john hardy, macro, non farm payrolls, saxotrader, saxotradergo, tradingfloor.com

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