ING Analyst: Tonight's non-farm payrolls data could be skewed towards weakness or exacerbate crypto market volatility

August 2nd news, as the market awaits the US non-farm payrolls report on Friday, analysts at ING warned that the data may be biased towards weakness, which may exacerbate the volatility of financial marekts including cryptocurrencies. According to economists surveyed by the Wall Street Journal, the data to be released at 20:30 Beijing time shows that the United States added 185,000 jobs in July, down from 206,000 in June; the unemployment rate remained at 4.1%, unchanged from June, while the annual growth rate of hourly wages may slow to 3.7%. ING analysts explain their bearish view on the dollar by explaining in a note to clients on Friday that "the employment component of the ISM and NFIB surveys suggests that the risk is tilted towards a decline in employment".