The US dollar edged lower, analysts say employment data release will intensify forex volatility
ChainCatcher News, according to Golden Ten Data, the US Dollar Index (DXY) edged lower today. Danske Bank analyst Jesper Fjarstedt stated that the resumption of US employment data releases could intensify short-term forex volatility, especially as multiple employment reports before the December Federal Reserve meeting may trigger significant market fluctuations. If the Federal Reserve keeps rates unchanged in December, the US dollar is expected to strengthen by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Finance Minister: Sanae Takaichi is not a "reflationist" and highly respects the independence of the central bank
The Japanese Finance Minister stated that Ms. Komei herself has repeatedly requested her to clarify this position to overseas investors. This statement attempts to dispel the market’s perception that the Komei government interferes with the central bank or pursues a loose monetary policy. Last Wednesday, two committee members nominated by Komei opposed a Bank of Japan interest rate hike, further reinforcing the market’s view that the Japanese government tends to delay rate increases.
HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
Crypto prices
More
