US non-farm payrolls on watch ahead The US non-farm payrolls will be on watch today to validate the recent run in softer US labour conditions, ranging from softer private payrolls to jobless claims and the Institute for Supply Management (ISM) employment surveys. Markets are looking for the US economy to add 190,000 jobs and for the unemployment rate to remain stable at 4.0%. Average hourly earnings are expected to fall to 3.9% year-on-year from 4.1% prior. Moderation in US labour conditions may offer more room for the Fed to consider earlier rate cuts, but given the weaker set of data presented this week (ISM surveys, factory orders, jobless claims) the threshold for the Fed to delay easing beyond September may be high. #OPINIONLEADER# #BeginnerTalk# #FX# #Non-FarmPayrolls# #NonfarmPayrolls#