FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
 Ahead with market-moving call on U.S. jobs data

Ahead with market-moving call on U.S. jobs data

Reuters was 6 minutes ahead of Bloomberg and beat other media on Oct 1 with market-moving news that Goldman Sachs raised by 25 percent its forecast for the closely-watched Sept US payrolls losses, due out the next day. Goldman`s recent accuracy in predicting the payrolls number has led investors to closely monitor its forecasts. News of the new estimate fueled a sell off in U.S. stock prices and a rush into Treasury bonds at the end of the session.

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