4 May 2001, 12:51  Forex Frozen in Anticipation of U.S. Jobs Report

Currency trading came to a standstill in U.S. hoursThursday, as traders wait with anticipation for Friday'skey payroll release. Traders said that although boththe euro-dollar and dollar-yen would likely maintaintheir soft tone, nothing was engraved in stone andmuch would depend on the April unemployment reportdue out at 8:30 AM EDT on Friday. The medianestimate in a Market News International survey ofeconomists is for payrolls to increase by 25,000workers in April, following a decline of 86,000 workersin March.

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