ForexLive Americas FX news wrap: Dollar struggles after big non-farm payrolls miss 0 (0)

Forex news for September 3, 2021:
Markets:
– US 10-year yields up 3 bps to 1.324%
– Gold up $19 to $1828
– WTI crude oil down 72-cents to $69.28
– S&P 500 flat at 4536
If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar move on the jobs report anyway.

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The USD falls vs all the major currencies this week except one 0 (0)

USD falls the most vs the NZD
The USD fell versus all the major currencies is weeks with the exception of one…the CHF.
The US dollar fell the most versus the NZD and AUD as those currencies benefited from risk on sentiment, somewhat improving China and expectations that as Covid spread slows, central banks would start to look toward reversing some of the expansionary

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US futures cool, calm, and collected ahead of NFP 0 (0)

US futures holding at the highs going into payrolls
The market is keeping steady for the most part as we continue to count down to the US non-farm payrolls release later today. US futures are not sensing much fear ahead of the key risk event, keeping near all-time highs in European morning trade.

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BofA raises euro area growth forecasts, expects ECB to end PEPP in March 2022 0 (0)

BofA lifts its forecasts for euro area growth, inflation
As for the ECB and the PEPP programme, it is very much expected to see that run its course until expiry in March next year. That said, one can expect the central bank to ease the pace of purchases over the next few months.

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