Monthly Archives: December 2024
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
Oil Jumps Ahead of OPEC Meeting
Written on December 29, 2024 at 11:36 pm, by
Market Summary The U.S. dollar held steady in the last session, with the dollar index (DXY) hovering near the 106.45 resistance level. The JOLTs job openings data exceeded market expectations at 7.744 million, yet investors adopted a cautious stance ahead of Friday’s critical Nonfarm Payrolls (NFP) report. Meanwhile, the euro recorded modest gains as politicalContinue Reading
