EM Assets Find Relief as US Jobs Data Eases Rate Fears
Emerging-market currencies rose after US nonfarm payrolls increased by only 29,000 in September. The weaker-than-expected jobs data led traders to reduce expectations for further Federal Reserve interest-rate hikes.
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 in a Bloomberg survey of economists. For more, we speak with Anisha Goodly, Fixed Income Managing…
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