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Weak NFP Data Not Terrible Enough to Flame QE Expectations

posted by Avatar FXTimes 319 days ago in USD, Fundamental, Daily made popular 319 days ago

US NFP for June came showed 80K jobs added, a slight improvement from the upwardly revised 77K for May. This undershoots forecasts of 97K. The conventional wisdom, which really sounds counter-intuitive, is that poor data can bring about heightened QE expectations. However, we know that Bernanke is reluctant in pulling the trigger for QE a 3rd...
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