August possibly another great month for US labor market - FXStreet

FXStreet (Łódź) - Alberto Muñoz, Forex Analyst at FXStreet, suggests that recent employment data coming from the US signals that the labor market continued improving in August.

Key quotes

"Weekly unemployment claims remains slightly below 320K, which means that we could have another great month for the US labor market."

"August Non Farm Payrolls will sit around 215K, with unemployment rate improving slightly to 6.1 percent."

"In case the numbers are equal or better than expected, I would expect another round of US Dollar rally, with EUR/USD testing 1.3100 support."