3 Dec 2014
Nonfarm Payrolls is the key event, strong dollar ahead - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman note the markets are pricing in a rate hike from the Fed.
Key Quotes:
"Key event for the US is this Friday’s jobs report, with consensus currently at 230k vs. 214k in October”.
“Fed officials continue to signal the first rate hike around mid-2015, and most data in the US would seem to support this”.
“With the markets poised for more action by the ECB, the expected policy divergences continue to support our call for a stronger dollar ahead."
Key Quotes:
"Key event for the US is this Friday’s jobs report, with consensus currently at 230k vs. 214k in October”.
“Fed officials continue to signal the first rate hike around mid-2015, and most data in the US would seem to support this”.
“With the markets poised for more action by the ECB, the expected policy divergences continue to support our call for a stronger dollar ahead."