Flash: US NFP was a weak report - Westpac

FXstreet.com (Barcelona) - US non-farm payrolls came at 169k in Aug vs 180K expected, but bearing in mind the downward revisions of 74k to June and July, Sean Callow, Westpac FX Strategist, thinks it was "a fairly weak report, following a similar-themed July report with a below consensus headline and downward revisions."

Callow proves his argument by noting: "The 3 month average gain of 148k in Jun-Aug is down from 172k in Mar-May, 233k prior to that and 181k in the first three months of QE3/4, which kicked off in Sep last year."