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Hardy: Will strong NFP shift focus away from China and back to US?

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292,000 new jobs were created in the United States in December, beating even the most optimistic expectations. Although average hourly earnings were almost flat, Saxo's John Hardy says this could encourage a March Federal Reserve rate hike.

But Hardy says so far the market reaction has been ambiguous. He wonders whether this positive number is enough to shift the focus away from the turmoil in China and back to the United States.