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Published on Friday, June 3, 2016

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Market Comment | The US payrolls data slashed the odds a June rate hike in the US

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Summary

Disappointing US payrolls data. Nonfarm payrolls data surprised negatively in May, lowering its increasing path (rising by 38K; consensus: 160K; previous: 123K data revised from 160K), while manufacturing payroll dropped by more than expected (by -10K; consensus: -2K; previous: 2K data revised from 4K). Meanwhile, the unemployment rate was the only positive news, falling by […]

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