Greenback : Fed watching US jobs, NFP tomorrow is key - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that the US dollar has rebounded in recent weeks supported by more hawkish rhetoric from Fed officials who have sent a clear signal that the Fed is moving closer to resuming rate hikes.

Key Quotes:

"In her keynote speech at Jackson Hole, Fed Chair Yellen chose to send a hawkish signal that she believes that the case for an increase in the federal funds rate has “strengthened” in recent months.

The robust rebound in employment growth has helped provide reassurance that weakness evident in May was an outlier confirming that the underlying trend remains solid. With the US economy “now nearing the Federal Reserve’s statutory goals of maximum employment and price stability”, the Fed wants to continue normalizing monetary policy."