Markets could be even more sensitive to the US NFP data – Rabobank

By FXStreet FXStreet (Delhi) – Piotr Matys, EM FX Strategist at Rabobank, suggests that after turbulent week the markets could be even more sensitive to the key US data scheduled today.

Key Quotes

“Strong non-farm payrolls well above 200k in December may fuel speculation that the Fed might not wait with another rate hike for too long after finally raising interest rates for the first time in almost a decade last month.

That said, Rabobank’s Philip Marey has doubts not only about the pace of economic recovery, but also about the inflation outlook. Therefore, Philip is sceptical that the Fed will be able to raise interest rates four times this year as the dot plot implies and instead he expects only two hikes. The timing of the next move will be determined by the fresh set of US data.”
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Source:: FX Street