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Forex in 60 Second: Euro-zone, US Data Set The Stage for ECB Rate Decision, Non-Farm Payrolls

Wednesday, 02 July 2008 22:47:26 GMT

Written by Terri Belkas, Currency Analyst

 ·          Euro-zone PPI rises at the quickest annualized pace on record, addiing fuel to speculation of an ECB rate hike.
 ·          US labor market data reveals massive job cuts and sets the stage for sixth consecutive month of negative NFP results.

Stories to watch on DailyFX

·          The ECB is expected to hike rates on Thursday - how will this impact EUR/USD?
·          US non-farm payrolls will also be released - will another month of job losses hurt the US dollar?

Send any comments or questions to tbelkas@dailyfx.com

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