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US jobs market to justify Fed rate hike and strong USD?

Tuesday, November 3, 2015 3:46 AM UTC

The dollar lost buoyancy Monday ahead of big ticket data this week on U.S. manufacturing and hiring. Not many reports stand in the way of the Fed's next and final decision of the year on Dec. 16.

The ISM index is forecast to show factory growth stalled with a reading of 50 in October, down from 50.2 in September, the weakest in years.

"The week's main event will be Friday's monthly jobs report. The market wants to see better news on the job market to help justify the case for a Fed rate hike and a stronger dollar", says Western Union.

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US jobs market to justify Fed rate hike and strong USD?

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