Quotes from Western Union:
- Disappointing U.S. jobs data on the eve of a crucial look at America's labor market caused the dollar to pare some gains. Weekly jobless claims unexpectedly rose to 320,000 from 313,000. The latest print, which tends to be volatile, was forecast to edge down to 295,000.
- Though weaker than expected, markets still expect a pretty healthy U.S. jobs report on Friday which should serve as the next big catalyst to drive the dollar.
- Forecasts call for an increase of 240,000 nonfarm payrolls for February, seen as enough to lower unemployment by a tick to 5.6 percent. We'll also get wage growth Friday and that's forecast to slow to a 0.2 percent from 0.5 percent.
