Flash: After ADP & ISM, expectations for NFP higher - Westpac

FXstreet.com (Barcelona) - According to Sean Callow, FX Strategist at Westpac, with upbeat ADP survey and ISM surveys as the backdrop, "expectations for US non-farm payrolls are almost certainly higher than the 185K median forecast on Bloomberg. which shows a range from 159K to 209K."

Callow adds: "Clearly much is at stake for USD, with the FOMC mostly noncommittal on Wed, raising the importance of the two jobs report before the Sep 17-18 meeting. But the Fed will also be watching its preferred inflation measure, the core PCE deflator. Consensus for June is 0.1% m/m, 1.1% y/y."