The U.S. dollar was seen easing back on Thursday. On the economic front, the ADP private payrolls showed that private sector hiring added 163k jobs during August. This was below forecasts of 195k that was estimated.
The ISM’s non-manufacturing PMI advanced to 58.5 beating estimates of 56.8. This was also an increase from July’s print of 55.6.
The economic calendar today will see the German industrial production numbers coming out. Forecasts point to a 0.3% increase on the month following last month’s decline of 0.9%.
The UK’s consumer inflation expectations report will also be coming out. The previous survey showed inflation expectations at 2.9%. The revised second-quarter GDP figures will be on the tap as well. No changes are expected to the Eurozone’s quarterly GDP growth rate of 0.4%.
A busy NY session will see the release of Canada and the U.S.unemployment figures. Canada is expected to add 5.1k jobs in August with the unemployment rate forecast to rise to 5.9%.
Meanwhile, the U.S. is forecast to add 193k jobs with the unemployment rate forecast to tick lower to 3.8%. The monthly average earnings are expected to rise at a slower pace of 0.2%.
