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Dollar firm on mixed jobs report — #SaxoStrats
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The latest US employment data is digested by Saxo Bank’s head of FX strategy John Hardy.
Nonfarm payrolls disappointed expectations with a +98k reading and then the negative revisions to the prior two months' data at -38k. Average hourly earnings only rose +2.7% year-on-year, in line with expectations, he says.
Hardy also takes a look ahead at next week’s calendar in forex.