He dollar went up on Thursday third consecutive session and the performance of the treasury bonds US fell, but remained at high levels due to concerns about the duty under the future presidency of donald trumpwhile the recent weakness of the pound sterling.
He debt yield had a trend bullishwith the 10-year reference notes in eight-and-a-half-month high of 4.73% on Wednesdayas a resilient economy and likely tariffs have revived inflation concerns and fueled expectations that the Federal Reserve will slow interest rate cuts.
The latest economic data showed a labor market on solid footing and Fed December meeting minutes indicated policymakers raised fresh concerns about inflationsuggesting that the new Government’s plans could slow economic growth and increase unemployment.
Investors will be attentive this Friday to the key government payroll report to gauge the Fed’s aggressiveness in lowering rates.
“Most of the economic data was a little stronger than expected, so if we have a better-than-expected nonfarm payrolls report tomorrow, it will be another indicator that the economy is not cooling and inflation is going to take more pressures,” he said Joseph Trevisani, FX Street analyst in New York. “There is also the Trump administration, which is going to change all kinds of things,” he added.
How the dollar is quoted in the world and other currencies
He dollar indexwhich compares the greenback with a basket of six major currencies, gained 0.15%, to 109.18 units, and the euro lost 0.2%, to 1.0297 dollars.
The pound sterling lost 0.53% to $1.2296, on track for a third straight session of declines after hitting its lowest level since Nov. 13, 2023. Britain’s finance minister was under pressure as concerns Trump’s policies have pushed up government borrowing costs.
He yenmeanwhile, appreciated 0.27%, to 157.93 units per dollar. Japanese government data showed on Thursday that inflation-adjusted real wages fell for the fourth straight month in November, weighed down by rising prices, even as base wages grew at the fastest pace in more than three decades. .
Source: Ambito
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