Strong NFP to keep the Fed on track to taper and underpin the dollar – ING
|Nonfarm Payrolls stand out as the main event of the week and could seal the deal on the Federal Reserve's expected tapering announcement. A good NFP should keep the Fed on track to taper later this year and tighten in 2022, and support USD, in the view of economists at ING.
Dollar ready to blow the doors off?
“Technically the dollar looks on the verge of a significant break-out and a strong US jobs report could cement that trend.”
“We’ll focus on progress on the US debt ceiling – a stopgap bill has been signed to fund the government until early December – but brinkmanship in the Senate could easily lead to a mishap for risk assets at a time when earnings expectations are being revised lower.”
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