Forex Flash: NFP at 150K would benefit the EUR – Danske Bank

The single currency continues its march north on Friday, climbing to levels shy of 1.3680 during the European morning although retracing some ground afterwards.

In light of January’s US Non-farm Payrolls, analyst A.von Mehren at Danske Bank assessed “We look for a decline in non-farm payrolls to 150K, which is somewhat lower than consensus that estimates a rise to 160K. If we are right, a low NFP number underlines that a scale down of the Fed’s QE programme is far from imminent and should be EUR/USD positive”.