The US is expected to report an increase of 160K jobs in June, nearly double the disappointing increase of 75K in May. However, data leading to the publication have been weak, pointing to an increase of perhaps only 120K. The headline increase in positions and wage growth are closely watched by the Federal Reserve. The world’s No. 1 central bank is projected to cut interest rates at the end of the month and every data point matters. The greenback has been gaining ground ahead of the publication.
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