Fed could accelerate QE tapering on another strong NFP reading - Alberto Muñoz

By FXstreet.com | July 03, 2014 AAA

FXStreet (Łódź) - FXStreet analyst Alberto Muñoz expects the US jobs report to show gains between 220K and 235K in June, leading to a dollar rally and even a possible acceleration of the Fed QE tapering process.



Key quotes

"In the last five weeks, unemployment claims are holding below 320,000 which could be indicating that there has been an increase in labor hiring in June."



"Therefore I would expect a strong NFP number, with a figure between 220K and 235K, while unemployment rate remains steady at 6.3 percent."



"With such a strong number the Fed could even consider accelerating the tapering process so I would expect greenback to rally on the news, probably EURUSD will reverse and hit 1.3630."



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