News

WSJ: Central Banks to Set Tone for Currencies

Capital Economics expects the report to show that payrolls increased 175,000 last month, with the unemployment rate holding steady at 7.9%. Should the jobs figure miss expectations, it might lead to volatile trading in currencies, given widespread uncertainty in the market about when the Fed will start to rein in its bond-buying program, known as quantitative easing, said Stephen Jen, founder of hedge fund SLJ Macro Partners in London.

Read the original article on the ‘Wall Street Journal’ website.

Posted on the 03/03/2013 at 9:55am by joana.