Friday December 8, 2006 - 11:17:14 GMT
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The report will be important for dollar sentiment even though its importance has lessened slightly over the past few months. The manufacturing and construction sectors are likely to be a source of weakness in the data. A headline figure outside a 60,000 - 160,000 range would be likely to spark a sharp initial dollar reaction, although the revisions to previous data will need to be watched closely given their importance over the past two months. The unemployment rate will be important, especially with rumours that the rate will be revised up to 4.6% from 4.4%
The earnings data will also be potentially important and a monthly increase above 0.4% would revive significant wage inflation concerns while a figure of 0.2% or low would ease market concerns.
Any significant dollar gains on a firmer than expected figure are quickly likely to be met will selling pressure.
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