Forex Today: Dollar recoups from NFP blow, markets upbeat amid a quiet start to a big week

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Here is what you need to know on Monday, September 6: The market mood is upbeat starting out a fresh week this Monday, with the key Asian indices rallying 2%, as investors push back the Fed’s tapering expectations amid a big miss on the US Nonfarm Payrolls on Friday. The US economy added 235K jobs in August vs. an increase of 750K expected. Further, growing concerns over the Chinese economic slowdown have raised hopes for more stimulus from the country’s authorities, which has added to the market optimism. However, holiday-thinned conditions combined with the Delta covid variant concerns keep investors slightly on the edge. The US and Canada are on holiday, in observance of Labor Day. The S&P 500 futures are alternating between gains and losses around 4,535 while the US 10-year Treasury yields consolidate Friday’s sharp rally above 1.30%. The US dollar is staging an impressive bounce, taking cues from the recovery in the Treasury yields. With
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