Later today we have the non farm payrolls, expected at 179k but arguably the more important series in the release is the average earnings data, expected at 0.3% month on month. Inflation has been subdued, despite unemployment at some of the lowest levels in years, and is likely to stay capped given that the drop in the oil price has not filtered through to CPI yet.
Arguably even more important is a speech from Fed Chair Jerome Powell. With so much focus on interest rate forecasts for the US and how much they have changed in just a few weeks, his views on the economy and upcoming data are critically important now.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
