US labor market data

US labor market data

US labor market figures at 15:30 MT time on December 8 will be especially important. This is the last release of these data ahead of the Federal Reserve’s meeting on December 13, at which the central bank is expected to raise interest rates and make important announcements about its further plans. 
 
Strong nonfarm payrolls (NFP) and average hourly earnings will make the market price in future rate hikes in the United States. This will make the USD strengthen. Weak figures, on the other hand, will hurt the USD in the major pairs.  
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