Daily digest market movers: DXY flat on quiet Monday ahead of key data
- Consensus estimates for August's Nonfarm Payrolls is 165K, with a whisper number of 150K.
- Unemployment Rate is expected to fall to 4.2%, while Average Hourly Earnings are expected to rise to 3.7%.
- Other data this week, including ISM manufacturing and services PMIs, are expected to decline slightly but remain in expansionary territory.
- Moreover, the Fed's Beige Book report is expected to show that the labor market remains tight.
- Dovish bets on the Fed remain steady, and investors are still seeing 100 bps of cuts by year-end.
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