EM Assets Find Relief as US Jobs Data Eases Rate Fears
An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
