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Hardy: Why it’s all about US jobs this week

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With the market more or less expecting the US Federal Reserve to hold off on any rate hikes in 2016, the first US jobs report of the year will have added importance, says Saxo Bank’s John Hardy.

The US nonfarm payrolls for January will be out on Friday February 5. Hardy looks at how the data may impact the direction of the US dollar, especially in light of the very volatile start to the year. Hardy also looks at other events with the potential to move FX markets this week, including a Reserve Bank of Australia meeting on Tuesday February 2.