Futuro del peso mexicano 1-9

  • U.S. non-farm payrolls undershoot forecast and earnings also come in soft
  • Headache for Fed but with caveat that seasonals often make Aug data tricky
  • Payrolls 156k vs Reuters consensus 180k, downward revisions too
  • Average hourly earnings 0.1% vs fcast 0.2%, down from previous 0.3%
  • The earnings figure especially worrisome for Fed after PCE disappointment
  • This is not the endorsement of a Dec hike that Fed leadership would like
 futuro del peso mexicano 1-9
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