The current forecast for non-farm payrolls calls for job growth of 190k but the projection by individual economists range from a low of 150k to a high of 295k. The only way the NFP report could be unambiguously positive for the U.S. dollar is if payrolls exceed 275k, the unemployment rate remains unchanged or improves along with an upward revision to the prior month’s report. If non-farm payrolls are strong but the unemployment rate ticks higher, the rally in the dollar could be limited. By the same token, if the February numbers are revised sharply higher and the March numbers either meet or fall short of expectations, the dollar could rally but its gains would probably be limited.
http://www.fx360.com/commentary/kathy/5206/how-the-dollar-could-react-to-payrolls.aspx
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