Strong NFP would be another argument for aggressive rate hikes, USD might benefit – Commerzbank
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Today, the US labor market report for February will be published. Economists at Commerzbank expect the US Dollar to strengthen on a strong report. Nonetheless, weak data is unlikely to weaken the greenback.
“If the labor market report is strong, this would be another argument for aggressive rate hikes over the coming months and USD might benefit.”
“It is questionable though whether the market will put pressure on USD if the data disappoints. Consumer price data is due for publication next week and this publication too entails the potential for a surprise. It, therefore, does not seem advisable to position oneself against USD at present.”
See – NFP Preview: Forecasts from 10 major banks, many new jobs created
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