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Fed's Kashkari: Wage growth is slowly picking up

The Minneapolis Fed President Neel Kashkari recently crossed the wires commenting on the nonfarm payroll report. Kashkari, a known-dove, stated that they were seeing the wage growth slowly picking up and added that he expected a higher NFP reading amid the low unemployment level.

Earlier in the session, the U.S. Bureau of Labor Statistics announced that the unemployment dropped to its lowest level in 18 years at 3.8% as the nonfarm payrolls increased by 223K, beating the market estimate of 188K. Further details of the report revealed that the average hourly earnings rose by 2.7% on a yearly basis to meet the market consensus. 

US: USD unable to rally on strong employment report – BBH

Marc Chandler, Global Head of Currency Strategy at BBH, notes that the US jobs data was stronger than expected and yet the impact on the dollar is mod
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GBP/USD quickly reverses the post-NFP slide, rebounds over 50-pips

   •  USD fails to capitalize on the upbeat NFP-led bullish move.    •  Surging US bond yields also did little to boot the USD.    •  A strong follo
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