JYNFF - Much Ado But Barring Significant Downside Surprise August Jobs Report Will Not Stand In The Way Of Fed Tapering
- China, Australia, and Japan reported disappointing August service and composite PMIs.
- The euro made a marginal new high for the move near $1.1885 in Asia and was sold to session lows near $1.1870 in the European morning.
- Economists in the Bloomberg survey looked for 700k private-sector jobs a week ago, but the new forecasts have driven the median guesstimate to 610k.
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Much Ado, But Barring Significant Downside Surprise, August Jobs Report Will Not Stand In The Way Of Fed Tapering