This is why otherwise boring facts such as statistical revisions, which are usually only of interest to those who are obsessed with detail and otherwise cannot draw anyone out from behind the stove, suddenly become the focus of everyone's attention and can even be market-moving. Like the revision of the US labor market data, which is on the agenda today and on everyone's lips, Commerzbank’s FX Analyst Antje Praefcke notes.
since the financial crisis, which is why the market is focusing so much on it. So, if the revision shows that the labor market data had been overstated since last summer, the market could feel more confident in its assumption that the Fed will have to cut the key interest rate quickly and sharply, as the labor market has already cooled longer and more sharply than everyone had previously assumed.” “In the event of a significant downward revision, USD losses could be expected accordingly.