US labor data could set the tone for crypto markets as September begins, with Friday's jobs report the week's main event. Nonfarm payrolls fell by 23,000 in July, while May and June were revised down by a combined 103,000 — raising the stakes considerably for the August reading, forecast at 58,000.
ADP private payrolls and JOLTS job openings provide an early read on employment. A weaker report could temper expectations for a rate increase and weigh on Treasury yields and the dollar. A rebound points the other way.$BTC $XPRO.US
ADP private payrolls and JOLTS job openings provide an early read on employment. A weaker report could temper expectations for a rate increase and weigh on Treasury yields and the dollar. A rebound points the other way.$BTC $XPRO.US