USD faces higher NFP bar as hot inflation fears and bond tensions build
The source reports no price move, pip figure or technical levels. Markets head into Friday's US non-farm payrolls report facing a higher bar than usual. The headline question is normally how many jobs the economy added during the month, but the analysis argues that this time the stakes are greater. Inflation concerns are already running hot, and Thursday's US ISM manufacturing report did not ease them. Tensions in the bond market add to the pressure on this release. For USD traders, the payrolls data is likely to be read through the lens of existing inflation worries and bond market stress, not just the headline jobs count. That makes the report a key event risk for the dollar heading into the end of the week.
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