
This Is The “Linchpin” For The Dollar
Want a reason to get long USD? You know, besides widening rate differentials?
Well how about a better average hourly earnings print in Friday's February jobs report? That would probably help buoy the greenback.
Recall that the average hourly earnings number was the most talked about part of the January jobs report. Indeed, many a market observer pointed to weak AHE as "proof" that the Fed wouldn't/couldn't/shouldn't hike in March. So much for that, right?
Anyway, Bloomberg's Chris Anstey thi
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