Friday, August 5, 2016

Focus on US payrolls data tonight (830pm SG/KL time). Consensus is looking for +180k increase (vs. +287k prior) in





FX Research
by Saktiandi Supaat


Focus on NFP





Focus on US payrolls data tonight (830pm SG/KL time). Consensus is looking for +180k increase (vs. +287k prior) in NFP; +0.2% (vs. +0.1% prior) for hourly earnings and a slight improvement in unemployment rate (4.8% vs. 4.9% prior). A larger than expected NFP and hourly earnings could bring back rate hike expectation and see the USD higher. Similarly, a shocking negative surprise could also see the USD rally on risk aversion. However if data comes in as per expectations, we think flows into ...

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