If the market is now 250,000 (on payrolls) and people are talking even higher and that's what comes in, then there may be no reaction. Markets do focus on this one number far too heavily however and they will jump in either direction if the number comes in outside of expectations.
More Quotes from Geoff Kendrick:
Fundamentally the kiwi dollar is in a lot of trouble and when you get comments like that, it just sparks people's interest again.Geoff Kendrick
All the market is doing at the moment is trying to work out when the Fed is going to finish on rates.
Geoff Kendrick
The risks are now skewed to the upside (on U.S. interest rates). 4.75 may be a done deal (in March) and depending on how the data goes, 5 percent may become a done deal as well.
Geoff Kendrick
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