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6 Sep 2013
Flash: USD suffers on NFP’s - BBH
FXstreet.com (London) - March Chandler Global Head of Currency Strategy at BBH noted that the dollar has come off on NFP’s.
Key Quotes:
“News that the US only created 169k jobs and the last two-months were 74k weaker than previously disclosed has some observers thinking twice about whether the Fed will taper at the FOMC meeting later this month”.
“The dollar has come off and the US Treasury yields have fallen, which is helping to trigger a global bond market rally. The unemployment rate slipped to 7.3%, though again this reflects a decline in the participation rate (63.2% from 63.4%)”.
Key Quotes:
“News that the US only created 169k jobs and the last two-months were 74k weaker than previously disclosed has some observers thinking twice about whether the Fed will taper at the FOMC meeting later this month”.
“The dollar has come off and the US Treasury yields have fallen, which is helping to trigger a global bond market rally. The unemployment rate slipped to 7.3%, though again this reflects a decline in the participation rate (63.2% from 63.4%)”.