RBS Predicts: Strong Job Growth Is Expected To Support The Dollar Outlook.

Although the Scotland RBS economist team expects that the employment report is generally performing well, the rate of employment participation or the rising unemployment rate has risen from 5.3% to 5.4%.

It is also believed that strong employment growth is expected to support the dollar outlook.

The disclosure of us heavy data has come to the second reading phase, and non-agricultural data will set off the climax of this week's market trend.

Beijing time Friday (August 7th) 20:30, investors for the July US non-agricultural data need to be highly concerned.

At present, the market expects to add 223 thousand non-agricultural workers in July.

Due to this week due to

Poor performance led investors to expect unexpected weakness in the US data.

(RBS) the economist team predicted that in July, the number of non farm payrolls increased to 250 thousand, higher than 223 thousand of the median market value, but it may be consistent with the description of some "follow-up improvements" set by the Federal Reserve in the statement of monetary policy conference. The Fed also used this as a precondition for raising interest rates in September.

The bank added that although the employment cost index for the 2 quarter was surprisingly low, the growth of the hourly payroll data expected to be released in the evening is expected to be relatively ideal, which is expected to show that the employment cost increase is still maintained.

The employment cost index (ECI) is a quarterly indicator of the salaries of employees paid by businesses and governments, and the Federal Reserve has recently shifted its focus to inflation as the last missing piece of the puzzle.

Unfortunately, the ECI growth rate in the 2 quarter was only 0.2%, less than 0.6% previously expected by economists.

This is the lowest quarterly figure since the ECI index was compiled in 1982.

Royal Bank of Scotland predicts an annual salary increase of 2.2% or 2.3%.

Although the employment report is expected to perform well in general, the employment participation rate is rising or encouraging.

Move from 5.3% to 5.4%.

The bank also believes that strong job growth is likely to support the outlook for the dollar, especially in the FOMC, which focuses more on the progress of the job market, rather than on overseas economic problems.