Dear clients,
The data on Nonfarm Payroll, an indicator of the industrial employment in the US will be released on October 7. The report has a notable impact on the US dollar fluctuations and instruments related to it.
Let’s hear from our expert how the market might react:
Leading indicators of employment from ISM for the industry and the services sector indicate the release of positive data on Non-Farm Employment, which will provoke a strengthening of the dollar. On Friday, consider selling AUDUSD, GBPUSD and buy USDTRY, USDZAR.
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