NAB – The Morning Call · Only currencies making moves ahead of US jobs numbers
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Only currencies making moves ahead of US jobs numbers

Friday 3rd September 2021

There seems to be a lot resting on tonight’s non-farm payrolls numbers from the US. Phil Dobbie asks NAB’s Gavin Friend what the reaction will be if the numbers come in softer or stronger than anticipated? The weekly jobless claims overnight were encouraging, showing the lowest number of new claims since the pandemic began. Whilst equities and bonds have been relatively subdued in the wait, there’s even more movement in currencies, with the Aussie dollar managing to climb back over 74 US cents.

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