USD: Positioning/Tech Looks Extreme; A Solid NFP Likely A Trigger For S/T Recovery - TD

TD FX Strategy Research notes that data-wise, the decent ADP release increases the prospects of a good headline NFP report tomorrow, though ADP signals should be taken with a pinch of salt. "Still, we expect a solid headline NFP release and a recovery in wage growth, which could help stem some of...
USD: Positioning/Tech Looks Extreme; A Solid NFP Likely A Trigger For S/T Recovery - TD