US dollar awaits the NFP report

12:43 PM 7 September 2018

US dollar has been mixed on Friday so far amid weak sentiment on equity markets and a risk of tariffs announcement. With less than hour ahead of the NFP report we see dollar down against the most of emerging markets as USDTRY falls by 1.8% and USDZAR by 1.2%. The British pound is also on the winning side as GBPUSD adds 0.5%. The EURUSD fairly stable just above 1.16 but AUDUSD and NZDUSD are both down as more tariffs on China look unavoidable. The NFP report is out at 1:30pm BST. The consensus sees an increase in employment of 190k, wage growth stable at 2.7% and unemployment rate down to 3.8%. Higher employment and wage growth are typically seen as positive for the dollar.

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