U.S. non-farm payrolls are projected to increase another 185K in April following the 216K expansion during the previous month, and the ongoing recovery in the labor market could generate a bullish reaction in the greenback as the prospects for future growth improves. In turn, the Federal Reserve may see scope to gradually normalize monetary policy later this year, and Chairman Ben Bernanke may soften his dovish tone for monetary policy as the central bank plans to conclude its easing cycle heading into the second-half of 2011. However, as risk trends continues to dictate in the foreign exchange market, the seventh ... (full story)