-
Much Ado, but Barring Significant Downside Surprise, August Jobs Report will not Stand in the Way of Fed Tapering
The US dollar was sold ahead of today's employment report, falling to around three-four week lows against most major currencies. Follow-through dollar selling today has been minimal, and the Antiopdeans continue to lead the move. Emerging market currencies are mixed, and the JP Morgan EM FX index is stalling after rising for the past five sessions. Asia Pacific equities rallied, led by the 2% advance in the Nikkei on news that Prime Minister Suga will not stand at the LDP leadership contest later this month, effectively stepping down. The yen has barely budged. European shares are trading slightly softer as service ... (full story)