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Another firm labour report expected from the US tonight

Another firm labour report expected from the US tonight. After the very strong ISM non-manuf. employment index earlier this week, consensus expectations are for a robust print as well.  

"For NFP, RBC is calling for 210k jobs added vs. consensus at 225k, which should be enough to see the u-rate tick to 5.2% from 5.3%. Our US strategists point out that if this plays out, the u-rate will be sitting at the Fed's year-end (and top-end of their long-run) target range," says RBC Capital Markets.

Considering this is the second last employment report before the September FOMC, this should feature strongly into rate expectations for that meeting.

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