6 May 2015
Credit Agricole: US NFP forecast expected at 180K – eFXnews
FXStreet (Barcelona) - The Team at Credit Agricole, forecast US NFP to see a 180K print, and unemployment rate to move down to 5.4%, as noted by eFXnews.
Key Quotes
“Given that US rates have been pushing higher of late anyway despite soft US data more broadly, the path of least resistance would arguably be for that to continue, perhaps violently if wages are also strong. This would have USD-bullish implications, especially against currencies that depend of relative carry for their well-being such as AUD, BRL and TRY.”
“For the record, Credit Suisse economists expect a 180K outcome with the unemployment rate nudging down to 5.4% from 5.5% previously – these outcomes would probably be worth only a modest negative USD reaction, especially if there are positive revisions to March data."
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Given that US rates have been pushing higher of late anyway despite soft US data more broadly, the path of least resistance would arguably be for that to continue, perhaps violently if wages are also strong. This would have USD-bullish implications, especially against currencies that depend of relative carry for their well-being such as AUD, BRL and TRY.”
“For the record, Credit Suisse economists expect a 180K outcome with the unemployment rate nudging down to 5.4% from 5.5% previously – these outcomes would probably be worth only a modest negative USD reaction, especially if there are positive revisions to March data."
This content has been provided under specific arrangement with eFXnews.