Forex Flash: NFP at 150K would benefit the EUR – Danske Bank
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EUR/USD
FXstreet.com (Barcelona) - The single currency continues its march north on Friday, climbing to levels shy of 1.3680 during the European morning although retracing some ground afterwards.
In light of January's US Non-farm Payrolls, analyst A.von Mehren at Danske Bank assessed "We look for a decline in non-farm payrolls to 150K, which is somewhat lower than consensus that estimates a rise to 160K. If we are right, a low NFP number underlines that a scale down of the Fed's QE programme is far from imminent and should be EURUSD positive".
In light of January's US Non-farm Payrolls, analyst A.von Mehren at Danske Bank assessed "We look for a decline in non-farm payrolls to 150K, which is somewhat lower than consensus that estimates a rise to 160K. If we are right, a low NFP number underlines that a scale down of the Fed's QE programme is far from imminent and should be EURUSD positive".
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