After the largest downwards annual revision on record to US jobs yesterday here, it just continues to reaffirm the narrative that the Fed should move faster to cut rates. Still, it's not enough to trigger a spark for traders to price in a 50 bps move next week. The onus on that will fall on the US CPI report tomorrow it would seem; provided the inflation numbers are softer than anticipated.
That said, just be wary of potential geopolitical headlines that could stir things up. The Israel-Qatar situation yesterday was one before we got a new development in the Russia-Ukraine conflict here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
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