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Can strong US earnings growth change weak USD narrative? — #SaxoStrats

Saxo Bank’s head of FX strategy John Hardy digests the latest US jobs report, which sprang a surprise with its average hourly earnings, and looks ahead to next week's calendar.

The year on year data point printed at a strong +2.9% vs. +2.7% expected and up +0.3% month-on-month vs. +0.2% expected. The 2.9% level matches the high of the cycle last year. 

Read more forex analysis by Hardy here.

02:53 minutes
Tags: forex, fx, john hardy, nfp, non farm payrolls, saxotrader, saxotradergo, tradingfloor.com

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