US Minneapolis Fed's Kashkari on CNBC 2 Feb

  • jobs data showed wage growth
  • data is among the first signs we're finally seeing wages growth
  • could still be slack in labour market

I did say in my preview that wages would be more important than jobs. Same as UK.

USD extending gains generally with EURUSD down to 1.2444, GBPUSD 1.4147 and AUDUSD 0.7927 but USDJPY 110.27 after 110.38 highs and USDCHF 0.9319 from 0.9327 so maybe we're seeing the start of a turnaround. Early days though yet.

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