The main release today is US non-farm payrolls. We look for a rise of 145,000 but theestimate is extra uncertain currently due to the weather effect. Data has generally beensoft recently which points to a weak number. But on the other hand the starting pointis already low from January’s payrolls and it could give some payback effect inFebruary. The unemployment rate is expected to be unchanged at 6.6%.
At noon German industrial production is expected to rise decently as orders were alsostrong yesterday.
We expect Norwegian manufacturing production to fall 0.5% m/m in January.
Read the full report: FX Daily
Danske Bank