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Markets quiet ahead of U.S. NFP data

Friday, March 6, 2015 7:21 AM UTC

Ahead of U.S. NFP data today, Euro after briefly dipping below 1.10 at London's close, it was very quickly rebounded to settle near 1.1020.
Private NFP to decelerate a touch to a still-healthy 225/220K in Feb from 257/267K in Jan. We think the unemployment rate will move down to 5.6% from 5.7% (a 5.5% print would not surprise us).

RBC Capital Markets quotes as follows on Firday

"Markets are in pre-NFP mode and trading in tight ranges ahead of the key event risk. EUR/USD is doing very little trading just above 1.10 while USD/JPY is unable to follow the Nikkei's outperformance in Asia. With little news flow overnight, the USD is broadly neutral and consolidating gains made the past 48 hours".

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Markets quiet ahead of U.S. NFP data

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