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US expected to return to a 200K+ job gain in September - Yohay Elam

FXStreet (Łódź) - Yohay Elam, Analyst at Forex Crunch, sees a rebound in US employment numbers to around 220K in September following the August disappointment.

Key quotes

"In addition, an upwards revision of August's disappointing number is on the cards."

"Other US indicators have shown strength and the 142K gain reported last time seems like an outlier."

"Yet again, average hourly earnings would need to rise above 2% y/y in order to really boost the dollar at its current strength, and the participation rate would need to rise from the multi-decade low of 62.8% as well."

"A shortcoming in these two key figures with an only OK NFP could weigh on the dollar and allow profit taking on dollar gains."

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