NZD/USD Trades Sideways Ahead of US Manufacturing PMI on Nostr: US Economic Exceptionalism Narrative Faces Major Test as Nonfarm Payrolls Report ...

US Economic Exceptionalism Narrative Faces Major Test as Nonfarm Payrolls Report Looms
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#79b66922 ver:1.17

The US economic exceptionalism narrative faces a test as negative data surprises emerge. The upcoming nonfarm payrolls report will provide insight into rate cuts and impact the US dollar. Without current strength, the dollar may struggle. Markets will react to the report, but the Fed focuses on average hourly earnings and unemployment figures. The DXY chart shows downside risks, while USD/JPY and USD/CNH face shifting directional risks. The report is expected to show payrolls growth of 190,000, 0.3% increase in hourly earnings, and a 4% unemployment rate. #USdollar #economy #nonfarmpayrolls...

#newstr #UsDollar #S&pPmis #FederalReserve #NonfarmPayrolls #UsEconomicExceptionalism #Usd/jpy #Usd/cnh

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