“The US employment report for August dominates proceedings” on Friday, said Barclays Capital economist David Woo.
Non-farm payrolls are forecast to have fallen by another 75,000 in August after declining by 51,000 in July, according to an analyst consensus reported by Dow Jones Newswires.
The euro was meanwhile hit by the poor economic data out of Germany. The nation’s industrial output slumped by 1.8 percent in July from June, more than three times the downturn analysts had expected, official figures showed Friday.
Economists polled by Dow Jones Newswires had forecast a drop of just 0.5 percent.
“July’s sharp drop in German industrial production is further confirmation that the engine
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