Payrolls take centre stage again

While strong data in the US have provided some support for the dollar, it remains broadly flat on the week. With economic recoveries well underway in most developed markets, focus remains on what the latest data can tell us about the relative prospects for monetary tightening. Although temporary factors continue to distort data globally, we expect that next week’s data releases, in particular the all-important US payrolls figure, will continue to point to a robust economic recovery.