NFP expected to rise by 80K in July after prior month’s disappointment - FXStreet
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NFP expected to rise by 80K in July after prior month’s disappointment FXStreet
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4 itemsEUR/USD continues to erase the NFP gains as focus remains on the US CPI data. What's next?
June 2025 NFP Preview (Podcast Edition)
The desk anticipates a significant deterioration in U.S. labor market data, particularly with the unemployment rate expected to rise, as outlined by George Goncalves of MUFG EMEA. Per the full note, this softening in jobs data is likely to prompt the Federal Reserve to consider rate cuts, potentially as soon as July, although Goncalves notes that a perfect scenario is required for such an action. The consensus among market participants is leaning towards a more dovish Fed, with expectations of cuts in September if July does not materialize. This backdrop sets the stage for potential volatility in FX markets, particularly for USD pairs, as traders adjust their positions ahead of the June NFP release.