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US employment report for July, will be released on Friday at 12:30 (GMT).

Economic Data Expectations
Non-Farm Payrolls figure: Expected 190k, previous figure 213k
Unemployment rate: Expected at 3.9%, previous reading 4.0%
Average Earnings growth rate: Expected at +2.7% yoy, previous 2.7% yoy

Overall, if actual figures meet the forecast the indicators show a rather tight labor market however it should be noted that the drop of the NFP figure blurs the whole picture a bit.

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