Analysts forecast non-farm payroll: below 200,000 is bad, above 300,000 is good, and a decline in the dollar is a buying opportunity
ChainCatcher news, ING analyst Chris Turner stated in a report that the market remains cautious ahead of the U.S. employment data release in November, with the dollar holding steady.
Weaker-than-expected non-farm payroll data could disrupt the recent strengthening trend of the dollar since Trump's election victory, although it is unlikely that the dollar will appreciate again for a long time. U.S. employment numbers are expected to rebound after a weak month last time. A growth of fewer than 200,000 jobs may be considered a "bad number," while more than 300,000 is seen as a "good number." ING suggests treating any dollar decline as a buying opportunity. (Jin Shi)
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