The dollar is looking mixed this morning ahead of the release of non-farm payroll data, which is expected to rise by 158,000. However, wage growth is expected to fall from 3.2% to 3.1%. Jerome Powell will have the opportunity to respond to these figures in a speech later today. He will be the last Fed official to speak before the Fed’s ‘blackout’ period and ahead of a possible rate cut on September 18th.
Data released yesterday showed that service sector activity accelerated in August and private employers boosted hiring beyond expectations.
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