The upcoming report will be biased upwards in terms of positions added to the economy relative to Septembers as a result of the recovery mode the economy has naturally entered following the extreme natural phenomena hitting
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Ahead of the previous months report, expectations were for a rise in nonfarm payrolls by 90k. Despite the fall, the greenback recorded strong gains relative to majors as the numbers went public. Why so? Due to the storms, market participants assigned less weight on the number of positions and instead focused on the figures for average hourly earnings.