Soft NFP Knocks Out October Fed Hike, Dollar Retreats—But Euro Still Lags
The First Real Data Test of Q4 Broke the Q3 Script in Yields and the Dollar, but Not the Euro’s France Problem What’s happening: September’s US employment report was almost the cleanest dovish combination markets could have received. Payrolls rose just 29K against a 90K consensus, unemployment edged up to 4.2%, wages undershot and prior…