The Week Ahead updated February 1, 2008 • US NFP disappoints and the USD rebounds • Possible bailout for bond insurers • ECB, BOE and RBA to decide on rates next week • Key data reports and event for next week US NFP disappoints and the USD rebounds Come again? The seemingly incongruent reaction is best explained, I think, through the lens of risk aversion. The unexpected loss of jobs reinforced fears that the US economy was tipping further towards recession, and this alarmed risk-seeking investors, who had been emboldened in recent days by stock market gains and a stabilization in the outlook following an additional ... (full story)