The non-farm payrolls data of the USA which will be announced today, will be so effective on developing country currencies. If the data comes stronger, FED may increase interest rates on the market. So, with the strenghtening of USD, the developing country currencies may lose value a bit. Futures contracts are pricing interest rate expectations from the Fed in the range of 64% while the USD was prepared the five biggest gain since May. Won, South Korean Currency and Turkish Lira are losing value recently. According to the data released yesterday, the U.S. weekly unemployment claims came close to the lowest level since 1973. The September Non-Farm Payrolls is expected to be increased by more than 170000 units.
- Date: 07 October 2016 Fri 12:38
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