US dollar to lurch higher on strong unemployment rate and average earnings readings – ING DollarIndex Fed NFP Banks
revealing that the Fed already feels that conditions have been met for a first hike, today's December jobs data should keep the dollar bid on dips, according to economists at ING.“Given that the Fed seems to have fully swung behind the hawkish narrative, we would expect the dollar to stay strong today and be bid on dips even if the“The consensus seems to be for a 450K headline jobs number, a 4.1% unemployment rate, and 0.4% month-on-month average hourly earnings.
“DXY is in the middle of its six-week trading range, but today could be a catalyst for a push back to the highs near 97.00.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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