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EUR/USD: Trading the U.S. Non-Farm Payrolls Report
Employment in the world’s largest economy is expected to increase another 190K in March following the 192K expansion in the previous month, and the ongoing improvement in the labor market could spark increased demands for the U.S. dollar as the recovery gathers pace. At the same time, the jobless rate is anticipated to hold steady at 8.9%, but we may see another drop in the annualized rate as discouraged workers continue to leave the labor force. In turn, currency traders may show a mixed reaction to the non-farm payrolls report, and the Fed may continue to carry out the additional $600B in quantitative easing as ... (full story)