Monthly Archives: December 2024
Dollar Rises on Jobs Data; Yen Gains on GDP Growth

Written on December 29, 2024 at 11:40 pm, by
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) release for furtherContinue Reading
Dollar Retreats on Jobless Claims, Eye on NFP

Written on December 29, 2024 at 11:39 pm, by
Market Summary The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity on the laborContinue Reading
Euro Faces Headwind as France Political Crisis Arises

Written on December 29, 2024 at 11:38 pm, by
Market Summary The euro traded largely unchanged after the French government was ousted in a no-confidence vote led by far-right leader Marine Le Pen. The anticipated outcome saw Prime Minister Élisabeth Borne lose parliamentary support, casting uncertainty over the next chapter of French politics, which may weigh further on the euro. Meanwhile, the U.S. dollarContinue Reading