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EM Assets Find Relief as US Jobs Data Eases Rate Fears

Bloomberg Markets Friday 02 October 2026, 21:42 UTC 1 min read
Key Points

An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists.

An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists. For more, we speak with Anisha Goodly, Fixed Income Managing Director at TCW. (Source: Bloomberg)
US (LOCATION) Federal Reserve (ORG) Bureau of Labor Statistics (ORG) Bloomberg (ORG) Anisha Goodly (PERSON) TCW (ORG)
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