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Dollar Stabilizing its NFP Gains – Video Analysis

Market Analysis

Dollar Stabilizing its NFP Gains – The dollar has consolidated its post-payrolls gains of Friday, and looks set to remain buoyant with Fed speakers this week likely to affirm rekindled market expectations for further tightening. With the Fed seen heading for quantitative tightening as soon as September, U.S. July inflation data, due on Thursday (PPI figures) and Friday (CPI figures), will be a big focus for both policymakers and markets. The USDJPY has consolidated the gains as well after the stronger than expected U.S. jobs report on Friday. A post-data high was left at 111.05, and the pair has since settled to a narrow range near 110.75.

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Stuart Cowell

Senior Market Analyst

HotForex

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