Kathy Lien: December Non-Farm Payrolls Raises Odds for 50bp Rate Cut

Friday, January 4, 2008
Non-Farm Payrolls in the month of December shocked the financial markets by increasing only 18k, which is almost as bearish as negative job growth because the last time we saw levels worse than this was in August 2003 when the US economy shed 42k jobs. The US dollar fell 100 pips against the Japanese Yen in a blink of an eye and rallied by almost the same amount against the Euro.


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