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8 Sep 2015
Nonfarm Payrolls should support the greenback - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the Nonfarm Payrolls report provided further evidence that US labour market conditions have continued to improve which has been cited by the Fed as one key condition required to begin raising interest rates.
Key Quotes:
"Still the market remains unconvinced the Fed will begin to raise interest rates this month as it is placing greater weight on the heightened uncertainty in the near-term relating to the sharp correction lower in risk assets over the last month which could temporarily delay the normalization process."
"The report should prove supportive for the US dollar as it reinforces our view that the Fed will likely begin to raise interest rate this year and highlights that domestic developments in the US continue to remain favourable."
Key Quotes:
"Still the market remains unconvinced the Fed will begin to raise interest rates this month as it is placing greater weight on the heightened uncertainty in the near-term relating to the sharp correction lower in risk assets over the last month which could temporarily delay the normalization process."
"The report should prove supportive for the US dollar as it reinforces our view that the Fed will likely begin to raise interest rate this year and highlights that domestic developments in the US continue to remain favourable."