The US dollar is expected to rise for a third straight day on Thursday (January 8), but trading remains cautious as investors position themselves ahead of Friday's Nonfarm Payrolls (NFP) report. Recent US data releases have sent mixed signals: the labor market appears to be cooling, while service sector activity surprised with an increase—keeping the Fed's outlook balanced.
Latest levels: DXY ~98.74, EUR/USD 1.1679, GBP/USD ~1.3456, USD/JPY ~156.7, AUD/USD ~0.6698, NZD/USD ~0.5754.
Markets continue to interpret the labor market picture as "no hiring, no firing," while stronger service sector data suggests the economy will end 2025 on a stronger footing—leading to a tug-of-war between rate cut expectations.
Geopolitical news has faded in its direct impact on markets, but policy risks remain a concern—especially with potential rulings related to global tariffs, which could quickly revive dollar volatility.
In Europe, the euro remained calm as investors adjusted to inflation and yields, while in Asia, the yen traded in a tight range as traders were reluctant to take large bets ahead of key US data. The Australian and New Zealand dollars also weakened slightly as risk appetite cooled. (Arl)
Source: Newsmaker.id
The USD/CHF pair weakened for the third consecutive day and traded around 0.7960 in early European trading on Tuesday. The Swiss franc strengthened on increased demand for safe haven assets, following...
The US Dollar Index (DXY) trended sluggishly around 99.06 on Monday (January 19th), as liquidity thinned as US markets were closed for Martin Luther King Jr. Day. Despite limited movement, global sent...
The dollar index edged up to 98.5 on Tuesday, its strongest level in more than two weeks, as investors focused on a slate of key economic data for the US. Recent indicators have pointed to some soften...
The US dollar opened 2026 weakly on Friday. Throughout last year, the dollar was pressured by many major currencies due to narrowing interest rate differentials between the US and other countries. Con...
The US Dollar Index (DXY) remained slightly higher in a quiet year-end session on Wednesday. However, it has lost most of its intraday gains, having peaked at 98.44, and is trading near 98.25 ahead of...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...