What Currency to Buy if Non-Farm Payrolls are Strong?
January 06, 2011 at 12:09 PM EST
Barclay’s argues that if non-farm payrolls surprise to the upside, the Canadian dollar will be the best performer. How does an investor position for such an upside surprise? The temptation is to be long the USD against a currency with a high sensitivity to US interest rates such as the JPY. However, with the Fed [...]